In a socialist economy,the pricing process is only of __________ importance.
Primary
Secondary
Both 1 & 2
None of these
___________,the state (central authority) does not interfere in this system of economy.
Free economy
Controlled economy
Closed economy
Complex economy
In___________,technique of production is complicated and mechanized.
Simple economy
Open economy
High ratio of urban population in the ____________.
Developed economy
Under developed economy
In a __________, co-existence of public and private sector is the main feature.
Socialist economy
Capitalist economy
Mixed economy
In ____________, people are well educated and modern in thoughts.
Agricultural economy
Industrial economy
In a _________, cyclic fluctuations are eliminated and smooth working of the economy is secured.
In __________, side of the population is very large compared to the available resources.
Developing countries
__________ refers to the growth and economic progress.
The capitalist economy functions through _____________.
Industrialization
Price mechanism
Economic growth
