Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:
What are those individuals or institutions called which can take economic decisions?
Options:
Economic Units
Economic Agents
Economic People
Both 1 and 2
Correct Answer:
Both 1 and 2
Explanation:
By economic units or economic agents, we mean those individuals or institutions which take economic decisions. They can be consumers, producers, government or banks.