MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Meaning of Economics, Price and Wealth

All goods and...

Question

All goods and services for which we have to pay a price for their consumption are called _______.

A

stocks

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

properties

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

wealth

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

accounts

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C wealth

Suggest Corrections

thumbs-up

0

Similar questions

Q. A is a person who purchases and uses goods and services by paying or agreeing to pay a price for them.

A system in which goods and services are exchanged for other goods and services is called the ___ system.

Q. The price rise which occurs because demand for goods and services is higher than their supply is called ________.

Q. Statement: Parents are prepared to pay any price for an elite education to their children.
Conclusions: I. All parents these days are very well off.
II. Parents have an obsessive passion for a perfect development of their children through good schooling

Q. A place where buyers and sellers meet to exchange their goods and services is called a.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

VS1

ECONOMICS

Watch in App

explore_more_icon

Explore more

Meaning of Economics, Price and Wealth

Standard IX Economics

Join BYJU'S Learning Program

CrossIcon