Test Preparation on Agriculture Test Preparation For Agriculture Economics Part-IV

A measure of average output or real output per unit of input is called____________________?

 The households and the business firms of the economy are called__________________?

 The process of deriving principles is called___________________?

An analytic approach in which we move from general to particular from theory to facts is_________________?

“Wealth of nations” was written by_________________?

All goods and services produced in a country in one year are called its__________________?

 Using part of income/saving for more income is called_________________?

Total consumption deducted from total income is called__________________?

 An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?

 The total revenue of a film less all its economic costs is called_____________________?