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

In a capitalist economy, determines what to produce.

A
government
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
planning committee
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
market demand
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
consumers
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C market demand
In a capitalist economy, the decisions regarding production i.e. what to produce and how much, is made based on the market demand.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Economy and the Society
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon