Most of countries of the present world has an ___________.
Simple economy
Complex economy
Open economy
Closed economy
In a _________, cyclic fluctuations are eliminated and smooth working of the economy is secured.
Capitalist economy
Socialist economy
Mixed economy
None of these
Natural resources are fully utilized in ____________.
Developed economies
Capitalist economies
Socialist economies
A capitalist economy is a ______________.
Free enterprise economy
Competition is the essence of ___________.
Socialism
Capitalism
Extensive use of mechanization is done in __________.
Industrial economy
Agricultural economy
Contribution of the _____________ in gross national product is very low.
Agricultural sector
Industrial sector
Economic growth
In ____________,means of production are owned by the private individuals.
In ____________, people are well educated and modern in thoughts.
Free economy is also called ___________.
Planned economy
Unplanned economy
