The question asks to identify the sector providing essential supporting services for industrial and agricultural production, as well as domestic and foreign trade.
Supporting services are crucial for the smooth operation and growth of various economic activities. These services create the necessary environment and provide the means for production and exchange.
Infrastructure refers to the fundamental facilities and systems serving a country, city, or area. It includes transportation networks, energy supplies, communication systems, and public utilities.
Therefore, Infrastructure is the sector that provides the core supporting services mentioned.
The meaning of _______ is freedom for economic decisions, which means that all the producers, owners and consumers of factors of production are free to take their decisions to promote their self-interest.
The problem of choice arises on account of the pressure of three interrelated facts, viz, human wants are unlimited, means required to satisfy these wants are limited and ____.
"What to produce?" is a basic problem faced by an economy under which of the following central problems?
In which type of economy social justice is accorded higher priority than profit maximization?
Which industry is also known as basic industry?