CHAPTER 8 - INTRODUCTION TO ECONOMICS

Germany is an example of a country which has adopted ....... economy.

In globalization, there is ........ trade & all restrictions on .......... are set aside

The term economics is derived from the Greek word .......

Adam Smith defined economics as the Science of ......

............ means making the country's economy aligned with the world economy.

An economy strives to create a balance between ....... resourced and ......needs

One of the main functions of the economy is to ......... the production cost

We understand from economics,how to use ..........., money, land and ............. effectively

China and Russia have adopted ........ type of economy

The main motive of ........ economy is to earn profit.

Who has is known as the Father of Economics?

The main aim of Socialistic economy is to achieve .........