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

unproductive mechanism

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productive mechanism

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selective mechanism

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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.

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

The correct option is A productive mechanismHow 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.

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.