Most of countries of the present world indicated ____________.
Simple economy
Complex economy
Open economy
Closed economy
____________ is a system in which the state has full control on all the economic matters and activities.
Free economy
Controlled economy
In a ___________, a country tries to remain self – sufficient and does not either import or export goods.
Free economy is also called ______________.
Planned economy
Unplanned economy
___________ refers to a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.
In a ___________, the goods produced in the country are exported and in turn several commodities are imported from other countries.
In ___________,the state has total control on all economic matters.
Capitalistic economy
Socialistic economy
Mixed economy
None of these
In ___________, techniques of production is simple.
______________ is one in which the main occupation of the people is agriculture and handicrafts.
Agricultural economy
Industrial economy
_____________ refers to an economy in which there is no trade relation with other countries.
