Economics and Banking

The study of how individuals and business makes decision to allocate their resources is called

1.     The study of overall economic behavior is ______________.

1.     The government or other centralized group completely or partially determines what to produce is called ____________________.

A blend of planned and free market economies. Individuals and businesses determine what to produce, along with some level of government involvement.

________________is an economic system in which a state’s government makes all economic decisions and controls all the social services as well as many of the major resources required for the production of goods and services.

Individual base or company base study of economics is called

Single seller who can set the price of market.

• oligopoly

• duopoly

• monopoly

• none of them

Two sellers based market

• duopoly

• monopoly

• both of them

• none of them

Coca Cola and Pepsi is an example of --------- market system

• oligopoly

• monopoly

• duopoly

• none of them

STC is an example of

• Monopoly

• Oligopoly

• Duopoly

• none of them