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Introduction

Question

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What is economic problem?

Solution

Economic problem is a problem of choice which arises due to scarcity of resources having alternative uses.

Some More Questions From Introduction Chapter

What is production ?

What is saving ?

Define investment.

Who are the agents of production ?

Define economic problem.

Define Statistics as a plural noun.

Define statistics as a singular noun.

Would it be called statistics if it is said that there are 2000 students in our school ?

Name the stages of statistical study.

Define the concept of universe as used in statistics.

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Mock Test Series

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