Questions




Fill in the blanks with given words

(e - business, Exchange of business, Products, Global village, the nature of inputs)
*       .................................... was the beginning of trade.
*       The production process changes ....................................
*       Goods, services and ideas are called ........................................
*       As a result of information technology we talk about ...........................................which which without physical operation.
*       The world has become a................................ due to the strong influence of information and communication technology.



Give short answers

*     What is the meaning of business?
*    “Human needs and wants” describe with the help of examples
*    What is the difference between goods and services?
*    What are the several ways to distribute the goods to consumers?
*    What is specialization?
*    Give 3 examples for direct production?
*    What do you understand the “Global village”?
*    What are the types of production on the basis of central bank of Sri Lanka?
*    Explain the meaning of distribution?

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