MyQuestionIcon

8

You visited us 8 times! Enjoying our articles? Unlock Full Access!

Growth Rate

Under a free ...

Question

Under a free economy, prices are:

A

Regulated

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Determined through free interplay of demand and supply.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Party regulated

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Determined through free interplay of demand and supply.
Under a free economy, prices and determined through price mechanism, i.e, market forces of demand and supply.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Prices rate is determined on the basis of demand and supply, such kind of an economy is?

Q. Under mixed economy framework, free markets and price mechanism operate under the control and regulation of the government.

Q.
Under perfect competition, equilibrium price is determined by the forces of market demand and market supply.

Q. The RBI introduces fiscal policies to regulate the prices and the money supply in the economy.

Q. In a free market economy, when consumers increase their purchase of a good and the level of _________ exceeds ________ then prices tend to rise.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Growth rate

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon