What do you mean by open economy ? How does our choice expand through

1.	What do you mean by open economy ? How does our choice expand through open economy ? State two ways.
Answer» Open economy is an economy in which goods and services of one country are traded with the other countries. In other words, it is Em economy in which mutual exchange of goods and services and financial monetary assets takes place with other countries. Following are the ways by which our choice expands : Consumers and firms can choose between domestic goods and foreign goods, Investors can choose between domestic assets and foreign assets.

What do you mean by open economy ? How does our choice expand through open economy ? State two ways.

Answer»

Open economy is an economy in which goods and services of one country are traded with the other countries. In other words, it is Em economy in which mutual exchange of goods and services and financial monetary assets takes place with other countries.

Following are the ways by which our choice expands :

Consumers and firms can choose between domestic goods and foreign goods,
Investors can choose between domestic assets and foreign assets.

Discussion

No Comment Found

Related InterviewSolutions

What were the two main occupations of the Rig Vedic Aryans?
Name the two political institutions which exercised check on the powers of the King in the Rig Vedic period.
What w’as the position of women in the Rig Vedic age ?
Describe the social life of the Rig Vedic Aryans with reference to the following: (a) The Family Structure (b) Position of Women (c) Varna System
With reference to the following explain the main features of the Rig Vedic Economy: (a) Agriculture (b) Domestication of Animals (c) Trade Transactions, Crafts and Transportation
Mention any two archaeological sources to reconstruct the later Vedic Age.
Mention any two of the Ashrams in the life of a man in Aryan society.
What information do we gather from the later Vedic literature in respect of: (a) Spread of Vedic Civilization to many New Regions. (b) Role of Iron in later Vedic Economy.
Mention briefly the rituals and sacrifices of the later Vedic Aryans?
What is the message of the Bhagavad Gita?

What do you mean by open economy ? How does our choice expand through open economy ? State two ways.

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment