In ___________, techniques of production is simple.
Simple economy
Complex economy
Open economy
Closed economy
___________ refers to the growth and economic progress.
___________ refers to a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.
Free economy is also called ______________.
Planned economy
Unplanned economy
____________, the Government decides the matters pertaining to issue of capital, prices of goods,distribution and retaining etc.
Free economy
Controlled economy
Price fluctuations in the international market do not have any impact on ___________.
Profit motive is the basic force that derives the ______________.
Capitalist economy
None of these
In ___________,the state has total control on all economic matters.
Capitalistic economy
Socialistic economy
Mixed economy
_____________ refers to an economy in which there is no trade relation with other countries.
____________ is that in which several kinds of goods are produced in large quantities.
