Computer Science, asked by ankitmahato383, 7 months ago

What do you understand by simple and complex economy?​

Answers

Answered by Sha1212
0

Answer:

Simple goods are produced to satisfy the basic human wants. Variety of goods are produced in large quantity. Techniques used in the production process are simple. Techniques used in the production process are complex & highly advanced.✌️

Answered by Anonymous
5

Answer:

SIMPLE ECONOMY

COMPLEX ECONOMY

Simple goods are produced to satisfy the basic human wants Variety of goods are produced in large quantity

Techniques used in the production process are simple Techniques used in the production process are complex & highly advanced

It is a self-reliant economy it is a modern economy

The barter system is used here money is used as a medium for exchange

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