1. 100%
BASICS CONCEPTS OF ECONOMICS(Sometimes used in GRE)
1. Long Term Goal of any Business - Profit
2. Profit consists of 2 parts:-
4. In case of drought, say supply is less, demand is same , then cost will increase.
5. Production
- all
- consensus
- unanimous
- complete
- total
- most
- many
- much
- high degree
- 50%-99%
- always less than all
- little
- few
- less
- low
- 1%-49%
- always less than 50%
- 1<=some<=all
- Solely
- exclusively
- no other
BASICS CONCEPTS OF ECONOMICS(Sometimes used in GRE)
1. Long Term Goal of any Business - Profit
2. Profit consists of 2 parts:-
- Decrease in Cost
- Increase in Sales
4. In case of drought, say supply is less, demand is same , then cost will increase.
5. Production
- No. of hours
- Productivity/ hours