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
_____________ refers to an economy in which there is no trade relation with other countries.
Simple economy
Complex economy
Open economy
Closed economy
______________ is one in which the main occupation of the people is agriculture and handicrafts.
Agricultural economy
Industrial economy
Price fluctuations in the international market do not have any impact on ___________.
In ___________, techniques of production is simple.
In a capitalist society,resources are put to _____________ use through the price -profit mechanism.
Maximum
Minimum
Both 1 & 2
____________ is that in which several kinds of goods are produced in large quantities.
In a ___________, the goods produced in the country are exported and in turn several commodities are imported from other countries.
Most of countries of the present world indicated ____________.
___________ refers to an economy in which country has true relation with other countries and believes interdependence on each other.
