In a centrally regulated economy the central problem facing a society is solved by the _________.

market forces or price mechanism

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

government

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

central bank

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

parliament

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

Open in App

Solution

The correct option is B government
Government intervenes in the market economy in order to solve the problem of choice/central problem of an economy. Free regulation of demand and supply forces does not take place in centrally regulated economy.

Suggest Corrections