Question

A. Give an economic term for the statement.
1. An activity undertaken by an individual with an intension to earn income by rendering services to other.

2.Actions which are intangible in nature.

3. The problem of making a choice between unlimited wants and limited means.

B. Answer the following questions
1.write one point of difference between wants and needs.

2. Name the types of goods.

3. What are economic and non-economic activities.

C. Match the following.
Column A. Column B.
1. Scarcity. 1. Milk
2. Marshall. 2. Economic
problem
3. Consumer 3. Wealth
good. definition
4. Machine. 4. Welfare
definition
5. Capital
good​

Answer 1

Answer:

A. Give an economic term for the statement.

1. An activity undertaken by an individual with an intension to earn income by rendering services to other.

2.Actions which are intangible in nature.

3. The problem of making a choice between unlimited wants and limited means.

B. Answer the following questions

1.write one point of difference between wants and needs.

2. Name the types of goods.

3. What are economic and non-economic activities.

C. Match the following.

Column A. Column B.

1. Scarcity. 1. Milk

2. Marshall. 2. Economic

problem

3. Consumer 3. Wealth

good. definition

4. Machine. 4. Welfare

definition

5. Capital

good

Answer 2

Answer:

where is the C part colum B 5tha answer