CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

A capitalist economy uses ___________ as the principle 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 C prices

A capitalist economy uses prices as the most important means of allocating resources, because price instrument has an important role in the capitalist economy which is strong-minded by the market forces of demand and supply.

The correct option is D.


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