___________ refers to the isolated and self sufficient economy.
Complex economy
Open economy
Simple economy
Closed economy
___________ refers to a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.
Profit motive is the basic force that derives the ______________.
Capitalist economy
None of these
In a socialist economy,the entire economic activity of the country is controlled by the ___________.
Private
Central Planning Authority
Private and State
In ___________,the state has total control on all economic matters.
Capitalistic economy
Socialistic economy
Mixed economy
In a ____________, cyclic fluctuations are eliminated and smooth working of the economy is secured.
Socialist economy
___________ refers to an economy in which country has true relation with other countries and believes interdependence on each other.
Controlled economy is also called _____________.
Planned economy
Free economy
A ____________ must be centrally planned economy.
____________, the Government decides the matters pertaining to issue of capital, prices of goods,distribution and retaining etc.
Controlled economy
