Controlled economy is also called _____________.
Planned economy
Free economy
Simple economy
Complex economy
In ________,techniques of production is simple.
Open economy
Closed economy
___________,the state (central authority) does not interfere in this system of economy.
Controlled economy
Profit motive is the basic force that derives the ___________.
Capitalist economy
None of these
The quality and quantity of production depends upon the demands of the __________.
Producer
Consumer
Both 1 and 2
___________ 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.
Extensive use of mechanization is done in __________.
Industrial economy
Agricultural economy
In ____________, people are well educated and modern in thoughts.
_________ refers to the isolated and self sufficient economy.
High ratio of urban population in the ____________.
Developed economy
Under developed economy
