Economy, asked by jainpooja5263, 9 months ago

(1) State the meaning of value.
(2) Give meaning and example of commodities which are universally and abundantly available
(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?
(0) 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 ?

Answers

Answered by jayanandu8

Answer:

value means assest,commoditis means managed by one,perishabe goods is fish,fruits,flowers etc.tv,furniture ,automobile are consumer goods,factors of production is land labour capital and organisation,weath means plastic money,trade means buying and selling ,trade cycle production distribution

Explanation:

this is the chapter of economics

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