20. The goods and services produced by businesses. A
good or servicemay actually be produced in a number
of stages by a number of different businesses.
21. LAND: Land is the natural resources on the planet. It
includes space on the ground, hills, seas, oceans, air
etc
LABOUR: Labour is the human input (workers,
managers etc) into the production process.
CAPITAL :Man made physical goods used to produce
other goods and services. Examples include machines,
computers, tools, factories, roads etc.
22.
23. The way in which the good or service is delivered to
the consumer for purchase. It could be through a
wholesaler, retailer or sold directly over the internet
The distribution of wealth is a comparison of
the wealth of various members or groups in a society.
It differs from the distribution of income in that it
looks at the distribution of ownership of the assets in
a society, rather than the current income of members
of that society.
24. Good GDP
Good GNP
Good Currency Level
Good Export
Business
25. Currency:
Fixed By the
Gold
International
Money in
country
Stock
Exchange
Rate
Based On
Share, Bonds &
International
Money
27. demand is the utility for a good or service of an eco
demanded at each possible price nomic agent, relative
to his/her income
An economic principle that describes a consumer's
desire and willingness to pay a price for a specific good
or service
28.
29.
30. supply refers to the amount of
a product that producers and firms are
willing to sell at a given price when all other
factors being held constant.
The basic supply relationship is between the
price of a good and the quantity supplied
the law of supply demonstrates the
quantities that will be sold at a certain price
38. 142nd in World in peace
106 in education
42nd in currency ranking
3rd In terririsom
7th on population
127 in Health
Pakistan Is
The
Every
Factor
Effects
on
Economy
Of
Pakistan