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The flow of economic activity per the OCR is:
ASupply → Demand → Price
BWants → Production → Sales
CIncome → Consumption → Saving
DWants → Efforts → Satisfaction
Answer & Solution
Correct answer: D. Wants → Efforts → Satisfaction
1. Per OCR: "Want is the starting point of economic activity. Wants leads to efforts. An effort leads to satisfaction. Wants → Efforts → Satisfaction."
2. Three-stage causal chain.
3. Foundation for utility theory.
_Source: ICMAI BoS CMA Foundation Paper 4 (FBEM) — Paper4_07042026.pdf, Module 1 §1.1 (page 11)_
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