wiz-icon
MyQuestionIcon
MyQuestionIcon
3770
You visited us 3770 times! Enjoying our articles? Unlock Full Access!
Question

A capitalist economy uses ______ as the principal means of allocating resources.

A
Demand
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Supply
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Efficiency
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Prices
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D Prices
A capitalist economy uses 'prices' as the principal means of allocating resources, because price mechanism have important role in capitalist economy which is determined by the market forces of demand and supply.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Growth rate
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon