Chandan's father owns a bakery from which he earns Rs. 6 lakh as an annual income. Out of this, Rs 4 lakh is
spent on goods and services, one lakh rupees to buy raw materials and machinery. What is this expenditure
called?
a. Saving b. Consumption c. Investment d. All of the above
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Answer:
a.1 lakh
Explanation:
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