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EPFO APFC 2016 • General Studies • Q.48

Q.47Q.49
EPFO APFC 2016 • General Studies • Q.48
Q.47Q.49
EPFO APFC • General Studies • 2016 • Q.48
Indian EconomyMedium
The demand for a factor of production is said to be derived demand because
1
It is a function of the profitability of an enterprise
2
It depends on the supply of complementary factors
3
It stems from the demand for the final product
4
It arises out of means being scarce in relation to wants
2016 EPFO APFC • General Studies
Q.47Q.49

Syllabus Connection

Growth & Core Economics: Demand & supply concepts, GDP, GNP, NNP (measurement of growth), inflation (CPI, WPI, types, causes, impact & trends), economic history of India. (APFC)

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