GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Name one type of classification of the economy?
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Urban
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Rural
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Public/private
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State/National
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Explanation:
Detailed explanation-1: -The private sector includes all those enterprises which are owned by individuals. Any organization which is owned and controlled by the government is called a public sector unit.
Detailed explanation-2: -Economic systems are grouped into traditional, command, market, and mixed systems.
Detailed explanation-3: -The summary economic classification (NES), adopted by INSEE in 1994, is an aggregate, national, double (economic activities, products) classification which is relevant for economic analysis.
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