Practicing Success
Practicing Success
CUET Preparation Today
Match the following:
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1- D, 2-C, 3-B, 4-A 1- B, 2-A, 3-C, 4-D 1- C, 2-D, 3-B, 4-A 1- B, 2-D, 3-C, 4-A |
1- B, 2-D, 3-C, 4-A |
What to produce - It deals with which type of goods to be produced i.e. whether necessity or luxury goods should be produced. How to produce - In order to produce goods, what technique should be used i.e. whether labour intensive or capital intensive techniques should be used. Market economy - It is also known as free economy. All the decisions regarding economic activities is taken by the market forces of demand and supply. Mixed economy - Mixed economy is the economy where both the motives are being fulfilled i.e. social welfare and profit maximisation.
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