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Basic Concepts of Economics MCQs – Chapter 2 DAE

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1. The power of a good or service by which it can satisfy human want is called……...?





2. It is the income of a person during a specified period of time:





3. Savings depend upon………...?





4. If in results is an increase of national assets:





5. To get profit by investing in a business is called………?





6. If a government invests to increase the assets of a country is called….?





7. Investment means:





8. A mobile phone or a car are the examples of ……………. wealth?





9. Elements/Factors of value include:





10. The power of a commodity in exchange of which other commodities can be obtained is called:





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