Cities and towns came into existence due to ?
Correct answer: D. development of commerce and trade
- A. Urbanization
- B. Movement of population
- C. growth of agriculture
- D. development of commerce and trade
Explanation
Agricultural growth supported settlements, but towns and cities developed as specialized centres for commerce and trade. Urbanization describes the resulting process rather than the original cause.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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