Question : An economy in which there are no flows of labour, goods, or money to and from other nations is ____.
Option 1: Slow economy
Option 2: Mixed economy
Option 3: Closed economy
Option 4: Open economy
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Closed economy
Solution : The correct answer is a Closed economy.
An open economy exchanges goods and services with other countries. There is no trade with other nations in a closed economy . A mixed economy is a blend of socialism and capitalism.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : An economy which does not have any relation with the rest of the world is known as
Question : Goods which are of durable character which are used in the production process are called_______.
Question : The consumer is compared to a king under _______.
Question : Currency notes and coins are called ______.
Question : Directions: In the following question, some parts of the sentence may have some errors. Find out which part of the sentence has an error and select the appropriate option. If the sentence is free from error, select "No Error".
You can
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile