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Question
Market forces play a prominent role in those states whose ideology is based on _____.
Market forces play a prominent role in those states whose ideology is based on _____.
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Solution
The correct option is B Capitalism
Market forces are the factors that influence the price and availability of goods and services in a market economy, i.e. an economy with the minimum of government involvement. In a capitalist market economy, decision-making and investment are determined by the owners of the factors of production in financial and capital markets, and prices and the distribution of goods are mainly determined by competition in the market.
Market forces are the factors that influence the price and availability of goods and services in a market economy, i.e. an economy with the minimum of government involvement. In a capitalist market economy, decision-making and investment are determined by the owners of the factors of production in financial and capital markets, and prices and the distribution of goods are mainly determined by competition in the market.
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