Question

Q.Correct and rewrite the following statements.
1. To earn maximum profit is the main aim of the socialist economy.
2. Germany, Japan and the USA has mixed economy.
3. There is co-existence of the public and private sectors in the socialist economy.
4. The present economic policies are leading economy to privatisation.
5. Globalisation means aligning the world economy with the country's economy.​

Answer 1

Answer:

2)false

Explanation:

2)Germany,Japan and USA has capitalist economy

Answer 2

Answer:

1. The main aim of socialistic economy is to achieve social welfare.

2. Germany,japan ans the USA has capitalistic economy.

3. there is co-existence of the public and private sectors in the mixed economy.

5. globalisation means aligning the country's economy with the world economy.