In _________, people are usually illiterate and orthodox.
Industrial economy
Agricultural economy
Open economy
Complex economy
A capitalist economy is a ______________.
Free enterprise economy
Simple economy
None of these
_________ is reflected in low per capita income.
Mobility
Poverty
Land
___________, the Government decides the matters pertaining to issue of capital, prices of goods, distribution and retaining etc.
Free economy
Controlled economy
The capitalist system is based on a number of ___________.
Economic freedom
Economic growth
Economic policy
__________ refers to the growth and economic progress.
Closed economy
In a capitalist society,resources are put to ____________ use through the price profit mechanism.
Maximum
Minimum
Both 1 & 2
In a socialist economy,the entire economic activity of the country is controlled by the __________.
Private
Central planning authority
Private and state
_________ refers to the isolated and self sufficient economy.
In a ____________, all means of production are privately owned,they belong to private individuals,institutions.
Socialist economy
Capitalist economy
Mixed economy
