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Question
In which type of economic system is cost-benefit analysis used to answer the fundamental questions- what, how and for whom to produce?
In which type of economic system is cost-benefit analysis used to answer the fundamental questions- what, how and for whom to produce?
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Solution
The correct option is C Mixed Economy
In a mixed economy, all the central problems of an economy is solved keeping in mind the cost of the factors of production with economic gains and social welfare.
In a mixed economy, all the central problems of an economy is solved keeping in mind the cost of the factors of production with economic gains and social welfare.
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