https://padlet.com/rima13/rgt422zfutyid8mo en-us 2020-10-29 05:56:08 UTC 2022-09-20 16:01:11 UTC hello@padlet.com https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624836390 Scarcity of wealth means the limitation of supply of commodities in relation to its demand.]]> 2021-06-25 04:51:10 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624836390 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624836835 Scarcity is a characteristic of wealth. Its supply is less than demand. ]]> 2021-06-25 04:51:36 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624836835 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624837250 goods are anything which satisfy human wants and somehow help to meet our demands . ]]> 2021-06-25 04:52:01 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624837250 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624837790 Dhruv Kotecha
All things that have value and satisfy human wants are called goods]]> 2021-06-25 04:52:31 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624837790 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624837813 Economic activities are those which are done to earn wealth or money. Non economic activities are those which are done for satisfaction and done out of love and not wealth.

]]> 2021-06-25 04:52:32 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624837813 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624837980   ]]> 2021-06-25 04:52:40 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624837980 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838384 Scarcity of wealth means limitations in supply of a commodity in relation to its demand which means more demand and less production . ]]> 2021-06-25 04:52:57 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838384 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838598 An economy is the sum total of production units of a particular region. ]]> 2021-06-25 04:53:10 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838598 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838697 Economy is the sum total of all economic activities of the society.]]> 2021-06-25 04:53:15 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838697 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838870 Economics is a subject that studies the economic activities of a man. Non economic activities fall outside its scope. ]]> 2021-06-25 04:53:25 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838870 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838950 Dhruv Kotecha
Activities done for profit purpose are economic activities and activities which are not done for profit purpose and for social purpose are non economic activities]]> 2021-06-25 04:53:29 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624838950 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624839830 All these institution and organistaion may be collectively called an economy .]]> 2021-06-25 04:54:14 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624839830 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624840066 economics studies the way and mean in which people organise themselfes to tackel the problems of scarcity.]]> 2021-06-25 04:54:26 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624840066 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624840327 economic activites are done with an expectation of money in return to get mental satisfaction and Non economic activites are done for family member or for donations etc no money is expected in return ]]> 2021-06-25 04:54:40 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624840327 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624840462 Anything in economics that has want satisfying power is called a good in economics.]]> 2021-06-25 04:54:45 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624840462 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624840568 Dhruv Kotecha
Economics is study of mankind.
It is study of ordinary business of life]]> 2021-06-25 04:54:50 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624840568 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624841561 Scarcity of wealth means limitations in the supply of a commodity in relation to its demand. ]]> 2021-06-25 04:55:42 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624841561 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624842567 Anything which is capable of satisfying human wants or anything that has utility is called goods.]]> 2021-06-25 04:56:34 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624842567 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624842604 Economic activities are performed to earn money or wealth whereas non economic activities are performed for pleasure, love and affection. ]]> 2021-06-25 04:56:36 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624842604 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624842667 Scarcity of wealth means that human wants are unlimited and we cannot satisfy all of them. Therefore if the wealth is increased a human can attain most of their needs.  ]]> 2021-06-25 04:56:39 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624842667 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624842716 Dhruv Kotecha
Economics is often regarded queen of social science as it studies economic behaviour of individuals and organisations in society. It studies economic behaviour of individuals and organisations engaged in production, distribution and consumption of goods and services]]> 2021-06-25 04:56:41 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624842716 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624843075 Economics is more about human wants and needs rather than wealth. It is a study of mankind.]]> 2021-06-25 04:56:59 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624843075 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624843362 2021-06-25 04:57:13 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624843362 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844124 Goods are all the things that have value and satisfy human wants. ]]> 2021-06-25 04:57:52 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844124 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844238 ECONOMICS IS A SUBJECTS THAT STUDIES THE ECONOMIC ACTIVITIES OF MAN NON ECONOMIC ACTIVITES FALL OUT SIDE ITS SCOPE]]> 2021-06-25 04:57:59 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844238 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844254 An activity which involves a transaction of money is called an Economic activity.
An activity which is done from kindness or love is called a Non-Economic Activity.]]> 2021-06-25 04:57:59 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844254 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844348 Two features of Alfred Marshall's definition of economics are 1) Study of mankind and 2) study of material welfare]]> 2021-06-25 04:58:04 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844348 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844426 Goods are those things which can satisfy human wants.]]> 2021-06-25 04:58:09 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624844426 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624845349 economic activities are the study if economic activities of manking 
economics is the study of human welfare of material type .]]> 2021-06-25 04:58:56 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624845349 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624845749 Scarcity of wealth means human wants are unlimited we can not satisfy them all .]]> 2021-06-25 04:59:17 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624845749 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624845774 Economic activities are done to satisfy a material need whereas non economic activities are done to get mental or physiological satisfaction.  ]]> 2021-06-25 04:59:18 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624845774 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624845946 Economic activities are performed to earn money or wealth, whereas non economic activities are performed for pleasure, love and affection . ]]> 2021-06-25 04:59:27 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624845946 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624846403 Economics is often called the 'queen' of social science as it studies economic behavior of every individual, unit, organization.]]> 2021-06-25 04:59:49 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624846403 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624847289 Any two features are: 
1) use of money 
2) study of mankind ]]> 2021-06-25 05:00:34 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624847289 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848365 Goods are all thing that have value and satisfy himan wants are called goods .]]> 2021-06-25 05:01:29 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848365 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848424 Dhruv Kotecha
An economy is sum of total production unit of a region]]> 2021-06-25 05:01:32 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848424 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848497 "Economy is a system which provides people with good and services which directly or indirectly satisfy their wants."]]> 2021-06-25 05:01:35 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848497 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848586 all things that have value and satisfy human wants are called goods.]]> 2021-06-25 05:01:39 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848586 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848753 the importence of houseold is to bring maximum satisfaction in limited income 
A hpuseold has to decide whether to spend more money on houseold items or childrens education ]]> 2021-06-25 05:01:48 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624848753 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624849291 The Study of Mankind and Use of money. ]]> 2021-06-25 05:02:12 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624849291 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624849908 Economics studies the organization  and functioning of the society from a particular angle. It studies the economic behavior of individuals and organisations in the society. It studies individuals and organisations engaged in the production, distribution and consumption of goods and services. ]]> 2021-06-25 05:02:48 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624849908 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850100 1]Economics is a study of mankind.
2] Economics is a study of ordinary business of life.]]> 2021-06-25 05:02:59 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850100 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850107 economics activities are performed to earn money 
non economic activity are performed for pleasure love and affection these activities do not money s aspect.]]> 2021-06-25 05:02:59 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850107 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850160 Economics is a social science as it studies how society is organized and functions. Economics, sociology, political science, etc. studies the organization and functioning of a society from a particular angle . ]]> 2021-06-25 05:03:03 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850160 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850651 Dhruv Kotecha
Source of demand and demand of services are two importance of household.]]> 2021-06-25 05:03:25 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850651 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850961 Economic activities are done to satisfy a material need , non economic activity are done to get mental or psychological satisfaction . ]]> 2021-06-25 05:03:41 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624850961 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624851484 Dhruv Kotecha
Producers are classified into primary, secondary and tertiary producers]]> 2021-06-25 05:04:08 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624851484 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624851512 Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.” From this definition, one can build up the following propositions]]> 2021-06-25 05:04:10 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624851512 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624851608 Any two importance of household are: 
1) source of demand 
2) demand for services ]]> 2021-06-25 05:04:14 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624851608 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624851972 The importance of household is for 1) source of demand and 2) demand for services. ]]> 2021-06-25 05:04:34 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624851972 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624852049 the goverment plays the most important role in a n economy as it plays the role of both producer and consumer 
as a producer the government hires various factors of production for consumption of whole society and the govenmnt also purchase goods and are consumed by the society ]]> 2021-06-25 05:04:38 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624852049 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624852145 Scarcity of wealth means the limitations of supply of commodities in relation to its demand.]]> 2021-06-25 05:04:44 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624852145 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624853259 Dhruv Kotecha
Supply public goods
Regulate total supply of money
Framing different economic policies
Provide primary health and education facilities for benifit of common people]]> 2021-06-25 05:05:44 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624853259 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624853322 Economics is a social science as it studies the economic behavior of people and organizations in society.]]> 2021-06-25 05:05:47 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624853322 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624853650 An economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost. This is in contrast to a free good]]> 2021-06-25 05:06:07 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624853650 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624853950 ECONOMIC ACTIVITIES
ECONOMIC ACTIVITIES ARE PERFORMED TO EARN MONEY OR WEALTH]]> 2021-06-25 05:06:25 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624853950 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624854087 All things that have value and satisfy human wants is called goods.]]> 2021-06-25 05:06:31 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624854087 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624854356 Dhruv Kotecha
Limitations of supply in goods, and commodities is called scarcity of wealth]]> 2021-06-25 05:06:46 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624854356 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624854360 1) The government supplies different public goods in an economy. 
2) The government regulates the total supply of money in an economy. 
3) The government frames different economic policies for the smooth operation of the economy. ]]> 2021-06-25 05:06:46 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624854360 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624854607 a study a mindkind in the ordinary business on life.it examines that part of indiviual and social actions which is most closly connected with the attainment and use of material requires of well being.]]> 2021-06-25 05:07:01 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624854607 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855173 Told of government in an economy is: 
1) the government supplies different public goods eg. parks, roads, etc. 
2) The government regulates the total supply of money in an economy 
3) it also provides health and education for common people]]> 2021-06-25 05:07:33 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855173 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855253 Economic is a study of mankind.
Economic is a study of oridinary business of life.
Economic is concerned with causes od material welfare .
This definition considers material .]]> 2021-06-25 05:07:38 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855253 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855538 Producers are classified into primary, secondary and tertiary producers. ]]> 2021-06-25 05:07:54 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855538 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855692 Economics is a social science because it studies the organization and functioning of society from a particular angle.]]> 2021-06-25 05:08:04 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855692 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855809 The importance of household in an economy is :
calculating how to spend the money and where
and what amount to spend.]]> 2021-06-25 05:08:10 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624855809 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624856658 Classification of producers are - primary, secondary and tertiary producers ]]> 2021-06-25 05:08:55 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624856658 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624856727 Economic activities are performed to earn money and non-economic activities are performed for pleasure, love and affection as they do not have money involved.]]> 2021-06-25 05:08:59 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624856727 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624857565 1) Source of Demand
2) Demand for Services.]]> 2021-06-25 05:09:38 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624857565 vivaanmehta61 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624857813 2021-06-25 05:09:50 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624857813 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858034 producers are classifies into primary secondary and tertiary producers ]]> 2021-06-25 05:10:00 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858034 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858104 1]Source of demand
2]Demand for services]]> 2021-06-25 05:10:04 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858104 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858230 Economic entities can be classified into - consumers, households, firms and producers ]]> 2021-06-25 05:10:11 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858230 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858465 The main features of Marshall welfare -oriented theory, which gave primary importance to man and his welfare, are as below: Economics deals with ordinary men and women, who have feeling of love, affection, and friendship and do not get motivated merely by the desire of availing themselves of the maximum monetary benefits.]]> 2021-06-25 05:10:23 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858465 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858592 the soical science study how socitey is organised and function. economics sociology anthropology pyscology political science. economics is regareded as queen of all science ]]> 2021-06-25 05:10:30 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858592 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858829 Economics is a social science because it follows the “ ceteris paribus” rule ( all other things remaining the same) just like in an experiment In the real world, economic variables such as price and income, are constantly changing, and this creates a problem in demonstrating the relationship between variables.]]> 2021-06-25 05:10:41 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624858829 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859065 Economic entities are classifien into consumers producers houseold ans firms ]]> 2021-06-25 05:10:52 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859065 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859206 1) The government supplies different public goods
2)The Government regulates the total supply of money in an economy. ]]> 2021-06-25 05:11:00 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859206 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859297 1] Goverment supplies different public goods in an economy.
2]The goverment regulates the total supply of money in an economy.]]> 2021-06-25 05:11:03 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859297 vivaanmehta61 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859495 2021-06-25 05:11:14 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859495 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859500 The basic economic entities can be classified into 1) consumers 2) households 3) producers and 4) government. ]]> 2021-06-25 05:11:14 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624859500 vivaanmehta61 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624860560 eg-buying something from a market 

non economic activity is when the activity is performed for a help or out of love.]]> 2021-06-25 05:12:10 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624860560 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624860599 "A study of mankind in the ordinary business of life. It examines that part of individual and social actions which is most closely connected with the attainment and use of material requisites of well being."
Economic is concerned with causes of welfare.

]]> 2021-06-25 05:12:12 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624860599 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624860760 A household consists of one or several persons who live in the same dwelling and share meals. It may also consist of a single family or another group of people. The household is the basic unit of analysis in many social, microeconomic and government models, and is important to economics and inheritance.]]> 2021-06-25 05:12:21 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624860760 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624861780 The government supplies different public goods and regulates the total supply of money in an economy.]]> 2021-06-25 05:13:11 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624861780 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624861941 Dhruv Kotecha
Economics entity are classified into firms, households, consumers and government]]> 2021-06-25 05:13:19 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624861941 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624862059 A capitalist economy, the role of government is very limited.]]> 2021-06-25 05:13:24 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624862059 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624862502  Agricultural (Primary) Producers: These producers mainly produce goods related to agriculture and its allied activities. They generally produce (ii) Industrial (Secondary) Producers: These producers mainly produce goods related to industry or manufacturing units. ]]> 2021-06-25 05:13:48 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624862502 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624862928 There are three types of producers Primary, Secondary and Tertiary producers.

]]> 2021-06-25 05:14:10 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624862928 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624863515 Primary Producers 
Secondary Producers
Tertiary Producers]]> 2021-06-25 05:14:41 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624863515 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624863572 Economic is a social science as it studies how society is organized and funtions . Economics , sociology , anthropology , psychology and ppolitical science are akk social science .]]> 2021-06-25 05:14:44 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624863572 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624864692 Economics is a social science because it studies the organisation and of society.]]> 2021-06-25 05:15:52 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624864692 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624864977 Consumers 
Households
Firms
Government

]]> 2021-06-25 05:16:09 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624864977 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624865219 Consumers and households are the classification of economic entities.]]> 2021-06-25 05:16:24 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624865219 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624865420 For the purpose of ownership and responsibilities, economic entities are classified in three main categories. Proprietorship: A proprietorship is a business owned and operated by one person. It can just be a type of business with one person such as a hair braiding salon or a small convenience store.]]> 2021-06-25 05:16:36 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624865420 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624865500 Humans wants are unlimited and never ending. We cannot satisfy them since we hace limited or scarce resources and wealth all and hence we need to satisfy the most urgent wants first. In this way, wealth is scarce. ]]> 2021-06-25 05:16:40 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624865500 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624866759 Source of demand and demand of services are the two importance of household.]]> 2021-06-25 05:17:50 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624866759 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624867414 Demand for service :- the consumers demand is just not confined to consumers goods .
Sorce of demand :- consumers are the biggest source of demand for various goods and service and produced in an economy .]]> 2021-06-25 05:18:26 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624867414 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624868006 Anything that has want satisfying power is called goods. ]]> 2021-06-25 05:18:58 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624868006 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624868308 The goverment supplies different public goods in an economy . ]]> 2021-06-25 05:19:18 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624868308 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624868819 The role of government in an economy is that government supplies goods and wealth in economy.]]> 2021-06-25 05:19:50 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624868819 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624869694 There are three types of producers :- peimary producers , secondary producers , tertiary producers .]]> 2021-06-25 05:20:44 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624869694 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624870013 Primary, secondary,tertiary are the classification of producers.]]> 2021-06-25 05:21:06 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624870013 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624870479 There are three types of producers:-
1. Primary Producers
2. Secondary Producers
3. Tertiary Producers]]> 2021-06-25 05:21:37 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624870479 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624870921 Counsumers and household is teh classsification of basic economic entities .]]> 2021-06-25 05:22:02 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624870921 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624871054 consumers,households,firms, government are the 4 entities of economics

]]> 2021-06-25 05:22:10 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624871054 https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624872221 Economic entities are classified by consumers, household, firms and government.]]> 2021-06-25 05:23:18 UTC https://padlet.com/rima13/rgt422zfutyid8mo/wish/1624872221