Which of the Following Is NOT an Economic Need

question 6

Multiple Choice

Which of the following is NOT an economic need?

• A) Dependability in use
• B) Hunger
• C) Economy of use
• D) Convenience
• E) Efficiency in use

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Definitions:

Knowledge-based Economy

An economy driven by the use of knowledge and information as the key asset for growth and development.

Expert Power

Authority or influence derived from possessing knowledge or skills in a particular area.

Physical Resources

Tangible assets such as buildings, machinery, and raw materials that an organization uses to conduct its business.

Visibility

The degree to which an entity's presence, actions, or status is known and perceivable by others.