A capitalist economy uses ________ as the principal means of allocating resources.
a) demand
b) supply
c) efficiency
d) prices
please tell the correct answer. thank you
Menu
Important question??
Replies (5)
Cccccccccccccccccccccccccccc
But the answer in the book is d???
The answer is d.
Reason- in a capitalist economy prices r determined by demand and ssupply forces, there is no govt. Interference, hence it is price which prevails
Correct ans. ___D
Thnx rahul.........
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
