Economics

gives loans to member countries for legal proceedings

offers grants and aid for defence

offers loans to member countries for socio-economics activities

offers grants and aid to finance luxury projects

what to produce, how and for whom

how to produce and sell

scarcity, when to produce and how

scarcity, for whom to produce and where

monetary equivalent of the utility of a commodity

amount of time or money invested on a commodity

sacrifice made for the satisfaction of a want

cost of retaining an optimum level of production of commodities

relationship between ends and means in the economic system

allocation of income to various members of the household

flow of goods, services amd money among the various micro-sectors of the economy

micro-economic relationships in economic analysis

human wants are insatiable

consumers like to maximize satisfaction

resources are abundant

consumers are selective