Economic Systems and Policies

1. The concept of ______ involves government ownership and control of major industries.

2. Free-market ______ advocate for minimal government intervention in the economy.

3. Many countries aim to achieve a ______ economy, balancing both growth and sustainability.

4. Many developing countries rely on ______ from international organizations to support their economies.

5. Trade ______ can affect the balance of imports and exports, impacting a country’s economy.

6. The ______ rate is a key indicator of a country’s economic health, reflecting the percentage of unemployed individuals in the workforce.

7. Income ______ remains a significant issue in many developed and developing countries, affecting economic stability.

8. The ______ sector includes industries such as banking, insurance, and real estate.

9. Government ______ play a crucial role in regulating market activities and ensuring fair competition.

10. Economic ______ refers to the decrease in the value of goods and services over time.

11. The government’s ______ policy aims to promote sustainable development and reduce environmental impact.

12. The government introduced new tax ______ to stimulate economic growth and encourage investment.

13. ______ agreements between countries can lead to increased economic cooperation and growth.

14. The economic ______ was characterized by a significant decline in GDP and widespread unemployment.

15. The ______ sector of the economy includes industries involved in the extraction and production of raw materials.

16. The ______ market is highly volatile, with prices fluctuating based on investor sentiment.

17. The central bank raised interest rates to curb ______ and stabilize the economy.

18. ______ policies are designed to reduce government deficits and debt accumulation.