It is an economy in which country has true relation with other countries and believes interdependence on each other.
Open economy
Closed economy
Simple Economy
complex economy
Agricultural productivity can be improved through
Factors of production
Income opportunities
Organising business activities
Industrialization
The important feature in Marshall's welfare definition of economics is
Social Science
Scarcity of Means
Efficient Allocation of Resources
Society
The maximum social welfare is the sole objective of
Socialism
Capitalism
Mixed economy
All the above
Free economy is also called
Planned economy
Unplanned economy
Complex economy
It is a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.
Simple economy
In the absence of a ________,the private businessmen and entrepreneurs have a tendency to exploit common masses and to earn more profits.
Monetary Policy
Fiscal Policy
Tariff Policy
Price Policy
Economic transactions between the consumers and the producers allows _____________in an economy.
Increase
Decrease
Both A & B
Constant