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Question
In a capitalist economy, the allocation of resources is performed by _________.
In a capitalist economy, the allocation of resources is performed by _________.
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Solution
The correct option is D price mechanism
In a capitalist economy, prices of commodities in the market are affected by the forces of demand and supply that generates open competition in the market which leads to optimum allocation and utilization of resources.
In a capitalist economy, prices of commodities in the market are affected by the forces of demand and supply that generates open competition in the market which leads to optimum allocation and utilization of resources.
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