_____________ refers to an economy in which there is no trade relation with other countries.
Simple economy
Complex economy
Open economy
Closed economy
____________ is that in which several kinds of goods are produced in large quantities.
In a socialist economy,the entire economic activity of the country is controlled by the ___________.
Private
Central Planning Authority
Private and State
None of these
Controlled economy is also called _____________.
Planned economy
Free economy
____________ is a system in which the state has full control on all the economic matters and activities.
Controlled economy
____________, the Government decides the matters pertaining to issue of capital, prices of goods,distribution and retaining etc.
Most of countries of the present world indicated ____________.
___________ refers to the growth and economic progress.
In ___________,technique of production is complicated and mechanized.
___________ refers to the isolated and self sufficient economy.
