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
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Important question??
Replies (5)
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.........
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