In___________,technique of production is complicated and mechanized.
Simple economy
Open economy
Closed economy
Complex economy
In a _________, cyclic fluctuations are eliminated and smooth working of the economy is secured.
Capitalist economy
Socialist economy
Mixed economy
None of these
Under ____________, people are free to make contract and settle transaction.
Agricultural economy
Capitalism
Industrial economy
Most of countries of the present world has a / an ___________.
In a socialist economy,the pricing process is only of __________ importance.
Primary
Secondary
Both 1 & 2
In __________, side of the population is very large compared to the available resources.
Developed economy
Under developed economy
Developing countries
___________, the Government decides the matters pertaining to issue of capital, prices of goods, distribution and retaining etc.
Free economy
Controlled economy
_________ is reflected in low per capita income.
Mobility
Poverty
Land
Socialist economy is a __________.
Planned economy
Unplanned economy
In underdeveloped economy, the level of real income and per capita income is usually very ___________.
High
Low