The quality and quantity of production depends upon the demands of the __________.
Producer
Consumer
Both 1 and 2
None of these
In___________,technique of production is complicated and mechanized.
Simple economy
Open economy
Closed economy
Complex economy
A capitalist economy is a ______________.
Free enterprise economy
Price fluctuations in the international market do not have any impact on ___________.
Price fluctuations in the international market do have impact on ____________.
Socialist economy is a __________.
Planned economy
Unplanned economy
____________ refers to an economy in which country has true relation with other countries and believes interdependence on each other.
In ___________, the state has total control on all economic matters.
Capitalist economy
Socialist economy
Mixed economy
Contribution of the _____________ in gross national product is very low.
Agricultural sector
Industrial sector
Economic growth
__________ refers to the growth and economic progress.
