Question

2. Name one type of classification of the economy?
A. Urban
B. Rural
C. Public/private
D. state/national​

Answer 1

Explanation:

public and private

hope this helps you

Answer 2

Economy is that part of a country where all the economic activities took place and the market forces work on the basis of demand and supply of any products.

There are many classification of Economy emerged time to time and thus differentiated in various branches.

In the given list, the classification of the economy are :-

• Urban or Rural economy- The Urban economy basically dealt with availability of all the basic amenties and infrastructure required for the sustainability like Transportation, Education, Industries etc.
• Rural economy is the one which are mostly reserved with the agriculture sector and in a closed environment.
• Public or Private Economy- Public economy is often included with the Governmnet intervention in various fields. Public economy is termed as for the welfare of all the people and in return they are asked to pay taxes.
• Private economy is related to that of Multi National Companies or the MSMEs who are owning there products privately.
• State or National Economy- State Economy is defined as the economic activities done within a particular sphere of state and the revenue generated goes to that of State Funds.
• National Economy- It include the overall economic activities taking place in a particular geographic area of a country. It is mostly related with the concept of GDP.

#SPJ2