Question

Which from the following are features of a modern economy?

Answer 1

Answer:

All modern economies, whether socialist or capitalist, planned or unplanned, have some common outstanding features. We find that there is minute division of labour and specialisation so that there is co-operation and interdependence among a host of producers and consumers based on an endless chain of exchanges

Answer 2

Answer:

.

All modern economies, whether socialist or capitalist, planned or unplanned, have some common outstanding features. We find that there is minute division of labour and specialisation so that there is co-operation and interdependence among a host of producers and consumers based on an endless chain of exchanges.