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Question

Which of the following is/are not the main focus in the market system?

A
Competition
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B
Exploitation
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C
Profit
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D
Social welfare
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Solution

The correct option is D Social welfare
The resources of production are owned by private players or individuals in the market economy, and the distribution is driven by profits. Competition between industries plays an important role in the market system. To maximise the profit, the owner would be forced to not only deliver better quality goods but also price them affordably.

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