+91-8076753736 support@wiredfaculty.com

Sponsor Area

Indian Economy 1950-1990

Question

Wired Faculty App

In which type of economy, only those goods are produced that are in demand i.e. goods that can be sold profitably either in the domestic or in the foreign markets?

Solution

In market economy i.e. in capitalist economy.

Some More Questions From Indian Economy 1950-1990 Chapter

Who floated the idea of planning in India first of all?

How many plans have been completed in India so far?

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation