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Question

Modern day economy is based on the study of ___________.


A
capital formation
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B
study of production
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C
employment
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D
all of the above
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Solution

The correct option is C all of the above
Modern day economics deals with all aspect of an economy starting from capital formation through acquisition of assets for production of good and services to satisfy wants which generates employment. Therefore modern economy defines the inter-relation between various sectors of an economy.

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