Economics

acceptability

divisibility

homogeneity

portability

rationality

a decision between one thing and another

ranking of wants in an ascending order

selection of most pressing wants out of a range of alternatives

ranking of wants on a table of preference

separating defective commodities from non-defective ones

Elastic

Inelastic

Unitary elastic

both a and b

collective ownership of means of production

competition

equality or egalitarianism

redistribution of income

socialization and welfare

creation of utility yielding goods and services

distribution of goods and services

manufacturing of goods by small factories

provision of basic amenities

rendering of services only