What is the economic system?
9. What is the meaning of 'invisible hand'?
2. Fundamentals of the country's economic system 10. What is the private sector?
| How many and what are the problems?
What is the government sector?
3. What is personal property?
12. What is the 'dire consequences' of common property
4. What is common property?
Beige?
5. What are the different types of economic systems? 13. Define underdeveloped economies.
6. What is a capitalist economy?
14. Define advanced economies.
1. What is the Socialist Economy?
15. What is wrong with the sovereign sovereignty?
8. What is a mixed economic system?
16. What is free economic policy?
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Answer:
1- socialist economy is the system characterised by social ownership and means of production
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