Consumption Function

Economics- Phase (I & II)

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Indian Economy - Understanding the basics of Indian economic system

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In economics the central problem is:

Allocation.

Consumption.

Scarcity.

Money.

Production.

Explanation:

The allocation of scares resources and the distribution of the final goods and services are the central problem of the economy. The Reason behind these central problems is the compulsion of making choices among alternative uses of scarce resources to get maximum satisfaction

By: honey kaundal

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