Most of countries of the present world has an ___________.
Simple economy
Complex economy
Open economy
Closed economy
In _________, people are usually illiterate and orthodox.
Industrial economy
Agricultural economy
Under ____________, people are free to make contract and settle transaction.
Capitalism
None of these
In a socialist economy,the entire economic activity of the country is controlled by the __________.
Private
Central planning authority
Private and state
Profit motive is the basic force that derives the ___________.
Capitalist economy
In a capitalist society,resources are put to ____________ use through the price profit mechanism.
Maximum
Minimum
Both 1 & 2
A capitalist economy is a ______________.
Free enterprise economy
The capitalist system is based on a number of ___________.
Economic freedom
Economic growth
Economic policy
In a _________, cyclic fluctuations are eliminated and smooth working of the economy is secured.
Socialist economy
Mixed economy
Price fluctuations in the international market do not have any impact on ___________.