(1) State the meaning of value.
(2) Give meaning and example of commodities which a
(3) What is meant by perishable goods in economics ?
(4) Give the meaning and example of consumer goods.
(5) What is meant by individual wealth?
(6) Give the meaning of factors of production.
(7) Give the meaning of wealth.
(8) Give the definition of trade cycle given by Heberler.
(9) How many phases are there in a trade cycle ? Whicl
3. Answer the following questions in short :
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