Economics

2. ________ includes all man-made durable goods which are used for further production.(7)
4. Organisation refers to the services of an entrepreneur who controls, organizes and undertakes all ______. (5)
5. Want is an effective ________.(6)
7. Consumption means using up of _________. (7)
9. _________ are the intangible goods that cannot be touched but satisfy human wants. (7)
10. Everything obtained from the process of production is called ________.(6)
13. The exchange value of a commodity in terms of other _______ is known as Value in Exchange.(11)
15. __________ is partly used for consumption and partly saved. (6)
16. Pollution free environment, rights and freedom to the people, good law and order, etc. are __________ welfare. (3,8)
17. Wealth has value and possesses the characteristics of utility, scarcity, ______ and externality. (15)

1. Saving is the excess of income over ____________. (11)
2. Production is the process of ______ various goods and services which are consumed by the people of the country. (8)
3. Storing produced stock of goods is _______ utility. (4)
6. _________is the value of a commodity or service expressed in terms of money. (5)
8. Market is a system by which buyers and sellers establish _________ with each other directly or indirectly for purchasing goods and services. (7)
11. ______are the imaginary and psychological units which measure utility. (5)
12. Anything which is widely accepted in exchange for goods and services and for settling debts is called ______. (5)
14. ___________ is a system by which people get a a living and satisfy their wants.(7)