Command economy is also known as:
Free market economy
Mixed economy
Planned economy
Socialist economy
Many governments have sold off businesses they previously owned to new owners in the private sector. This is called:
Privatisation
Industrialisation
Integration
Globalisation
Which of the following sector of industry manufactures goods using the raw materials provided by the primary sector?
Post Primary
Secondary
Tertiary
Quaternary
In which of the following economy, the government or the state plans and controls the use of resources?
Command economy
Capitalist economy
Which is the type of integration when one firm merges with or takes over another one in the same industry but at a different stages of production?
Horizontal
Vertical
Conglomerate
None of these
When the owners of two businesses agree to join their firms together to make one business, it is termed:
Merger
Takeover
Synergy
Contracting
Which of the following has both a private sector and a public sector?
Which sector of industry extracts and uses the natural resources of earth?
Primary
Which of the following has no government control over factors of production?
