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Market Distortions

In which type...

Question

In which type of economic system has the Government no control over price fluctuations?

A

Market Economy

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B

Command Economy

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C

Mixed Economy

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D

Regulated Economy

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Solution

The correct option is A Market Economy
In market economy, the economy is a free market economy with no interference from the Government. The prices of the commodities in this economy are fixed on the basis of free forces of demand and supply in the market.

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