___________ refers to the isolated and self sufficient economy.
Complex economy
Open economy
Simple economy
Closed economy
______________ is one in which the main occupation of the people is agriculture and handicrafts.
Agricultural economy
Industrial economy
____________ is a system in which the state has full control on all the economic matters and activities.
Free economy
Controlled economy
____________ is that in which several kinds of goods are produced in large quantities.
Profit motive is the basic force that derives the ______________.
Capitalist economy
None of these
In ___________,technique of production is complicated and mechanized.
Controlled economy is also called _____________.
Planned economy
Most of countries of the present world indicated ____________.
___________ refers to a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.
___________ is one in which the economic activities and problems of production,distribution and prices are determined and influenced automatically by the free play of the market forces of demand and supply.