Price fluctuations in the international market do not have any impact on ___________.
Closed economy
Open economy
Simple economy
Complex 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
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
In a ____________, cyclic fluctuations are eliminated and smooth working of the economy is secured.
Capitalist economy
Socialist economy
Mixed economy
Profit motive is the basic force that derives the ______________.
_____________ refers to an economy in which there is no trade relation with other countries.
A ____________ must be centrally planned economy.
____________, the Government decides the matters pertaining to issue of capital, prices of goods,distribution and retaining etc.
___________ refers to the isolated and self sufficient economy.
Human efforts aimed at the _________ of goods and services.
Production
Consumption
Economic growth
