___________ refers to the isolated and self sufficient economy.
Complex economy
Open economy
Simple economy
Closed economy
In ___________,the state has total control on all economic matters.
Capitalistic economy
Socialistic economy
Mixed economy
None of these
___________ refers to a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.
_____________ refers to an economy in which there is no trade relation with other countries.
Free economy is also called ______________.
Planned economy
Unplanned economy
___________ 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.
Free economy
Controlled economy
____________ is a system in which the state has full control on all the economic matters and activities.
In a ___________, the goods produced in the country are exported and in turn several commodities are imported from other countries.
______________ is one in which the main occupation of the people is agriculture and handicrafts.
Agricultural economy
Industrial economy
___________ refers to the growth and economic progress.