In which of the following economy, economic resources are owned largely by the private sector with very little state intervention?
Mixed economy
Free market economy
Command economy
Socialist economy
Which of the following uses barriers to free trade to protect a country's own domestic industries?
Globalisation
Protectionism
Quotas
Liberalisation
Which of the following is a business enterprise owned and controlled by the State?
Public corporation
Public cooperatives
Public administration
Joint ventures
All sole traders have:
Limited liability
Unlimited liability
Both 1 & 2
Risk liability
A business agreement in which parties agree to develop for a finite time, a new entity and new assets by contributing equity.
Joint stock company
Joint security
Joint venture
Contracting
Which of the following is the most common forms of business organisation?
Sole trader
Producer
Share holder
Debenture holder
Which of the following does not create a separate legal unit?
Partnership agreement
Cooperative
Which of the following refers to the increasing freedom of movement of goods, capital and people around the world?
Industrialisation
Shareholder
HUF
In which of the following economy, economic resources are owned, planned and controlled by the state?
Capitalist economy
