Question

2. Answer the following questions in
(1) State the meaning of value.
(2) Give meaning and example of commodities whi
(3) What is meant by perishable goods in economic
(4) Give the meaning and example of consumer god
(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 Het
(9) How many phases are there in a trade cycle ?
3, Answer the following questions in cho​

Answer 1

Answer:

value means worth

...........

Answer 2

Answer:

1 value is a measure of the benefit provided by a good or service to an economic agent

2

A commodity is a natural resource or agricultural product that is traded in bulk. They are sold by the companies that produce them and bought by companies that use them. Along with stocks, bonds, and real estate, commodities are one of the major investment asset classes.

3 perishable goods are consumed completely in one period and have to be replaced entirely in a later period.