Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:
Economies are classified into which of the following options?
Options:
Capitalist
Socialist
Mixed
All of these
Correct Answer:
All of these
Explanation:
An economy can be either capitalist (U.S.A.) or socialist (Cuba). It can also be a mix of both known as mixed economy (India).