Question
What is the role of business firms in an economy?
Solution
Firms are one of the three crucial elements in the circular flow of money through the economy. In economics, producers are often referred to as firms or companies that play a role in using inputs and producing goods and services. Firms play a key role in deciding what to produce and how to produce.
Answer the following questions based on the information given below.
There are eight persons G, H, I, J, K, L, M and N in a family of three gen...
How is I’s mother related to J?
Answer the questions based on the information given below.
There are seven persons- D, E, F, G, H, I, and J, in a family, which consist of th...
Which of the following combinations of person is not a married couple?
How is D related to G?
If,
‘T + S’ means that T is the father of S,
‘T X S’ means that T is the mother of S,
‘T - S’ means ‘T’ is the wif...
Answer the following question based on the information given below:
There are seven members- D, E, F, G, H, I, and J, in a family of three gene...
Who is the mother of D, in the given arrangement?
Answer the questions based on the information given below.
Six persons M, N, O, P, Q and R live in a family of three generations. M is married ...
Z is the brother of Y, W is the wife of V, who is the only son of P, who is the male member of the family. Y is the daughter of W. How is P related to Z?
