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Question
In an economy, if the basic factors, like capital formation, the system of production, population, etc., do not change over a period of time, such an economy is called ____________ economy.
In an economy, if the basic factors, like capital formation, the system of production, population, etc., do not change over a period of time, such an economy is called ____________ economy.
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Solution
The correct option is A static
If,
in an economy, the basic factors, like capital formation, system of
production, population, etc., do not change over a period of time, such
an economy is called static economy.
If, in an economy, the basic factors, like capital formation, system of production, population, etc., do not change over a period of time, such an economy is called static economy.
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