___________ is one in which the economic activities and problems of production,distribution and prices are determined and influenced automatically by the free play of the market forces of demand and supply.

Price fluctuations in the international market do not have any impact on ___________.

___________ 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.

Price fluctuations in the international market do have impact on _____________.

In a ____________, cyclic fluctuations are eliminated and smooth working of the economy is secured.

A ____________ must be centrally planned economy.

Competition is the essence of _____________.

___________ refers to a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.

Human efforts aimed at the _________ of goods and services.