MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Mixed Economy

There is a hi...

Question

There is a high degree of technical development in __________ economies.

A

Developed

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Underdeveloped

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Developing

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

War torn

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Developed
There is a high degree of technical development in developed economies. A lot of expenditure incurred on research and development. As a result, new and economical techniques are always available. More and more techniques are put into use.

Suggest Corrections

thumbs-up

0

Similar questions

Q.
There is a high degree of interdependence among firms in the oligopoly form of market.

Q. The economy of a country, which has acquired very high stage of development and where per capita income and standard of living is high, is termed as _________.

Q. Indian economy is defined as a developing economy, because ___________.

Q. A strategy focusing on development of heavy industry is sometimes preferred for a developing economy because it can ____________.

Q. Which of the following is not a feature of a developing economy?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Mixed Economy

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon