State the other name for a Market Economy?

Capitalist Economy

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Planned Economy

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Socialist Economy

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Mixed Economy

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Solution

The correct option is A Capitalist Economy
Capitalist economy is the suitable other name for market economy because in the capitalist kind of economics, the price is determined by the market forces i.e. by the market forces of demand and supply and no government intervention exists.

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Similar questions

Economies of U.K. and U.S.A are termed as the capitalist economy or market economy. State true or false.

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