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Question
In which type of economy do consumers and producers make their choices based only on the market forces of demand and supply?
In which type of economy do consumers and producers make their choices based only on the market forces of demand and supply?
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Solution
The correct option is A Market economy
In market economy consumers and producers make their choices based on the market forces of demand and supply.
In market economy consumers and producers make their choices based on the market forces of demand and supply.
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