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Question

The mechanism or the system which determines the production of various goods and services in the economy is called __________.


A
unproductive mechanism
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B
productive mechanism
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C
selective mechanism
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D
progressive mechanism
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Solution

The correct option is A productive mechanism
How or in what ways goods and services are produced in an economy is determined by certain system or mechanism known as productive mechanism . It is determined by various factors of production- land,labour,capital,entrepreneurship.

Economics

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