1
Question
Which of these is a not a law of economics?
Which of these is a not a law of economics?
Open in App
Solution
The correct option is A Law of partnership
Economics laws are
based on various assumptions which are necessary to follow while applying the
law is as well as these laws can be applied only is some specific situation
with given set of conditions. Moreover, these
economic laws are not rigid statements but their application depends upon the
tendency of their implementation.
Law of Partnership is a law in the constitution that states various rules and regulations for the partners as well as the firm under the Partnership act, 1956 so it is not an economic law.
Economics laws are
based on various assumptions which are necessary to follow while applying the
law is as well as these laws can be applied only is some specific situation
with given set of conditions. Moreover, these
economic laws are not rigid statements but their application depends upon the
tendency of their implementation.
Law of Partnership is a law in the constitution that states various rules and regulations for the partners as well as the firm under the Partnership act, 1956 so it is not an economic law. Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
