An economic system in which traditions and customs determine how the economy would use its scare resources ?

Related Mcqs:

Total money income received by the individual or recipients of income is called____________________?

A. Gross income B. Net income C. Personal income D. None of above...

Meaningful statement about the economic behavior or the economy is called_______________________?

A. Economic principle B. Economic theories C. Both D. None...

An accounting item which increase the value of an asset___________________?

A. Debit B. Credit C. Loan D. None...

International resources shared by all countries e.g ocean, air etc?

A. Global environment facility B. Global commons C. Global reserves D. None...

Agriculture contribution in GNP of developing nations?

A. 20 % B. 35 % C. 50 % D. 14 %...