wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A system which determines the production of various goods and services in an economy is called


A

Factors of production

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

Technology

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Natural resources

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

Productive mechanism

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D

Productive mechanism


Productive mechanism is a system which determines the production of various goods and services in an economy. It is also the system in which the majority population is employed.


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