The classical theory explained interest as a reward for
A). Parting with liquidity
B). Abstinence
C). Saving
D). Inconvenience
Saving
The classical theory explained interest as a reward for Saving. According to the classical theory, interest is the price paid for saving of capital. Like the value of other things, the price of saving is determined by its demand for and supply of savings.
2. Which of the following is a characteristic of pure monopoly?
3. Question 7:Give two examples each of sample, population and variable.
6. Question 18:Keeping in view your locality, describe any four strategies of sustainable development.
8. The demand for a inferior good decreases with ________ in the consumer's income.