Question

We advise the young readers of Class XI to comprehend the
concept of Economics through the following discussion relating
to ordinary (or routine) business (or activities) of our life.
Every individual, ranging from a child to an old man, is engaged in
some economic activity or the other. Consumption is an important
economic activity; and we all are consumers, consuming different
goods and services for the satisfaction of our wants.​

Answer 1

Answer:

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