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Capitalist Economy: Features and Drawbacks

Under a free ...

Question

Under a free economy, prices are

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Solution

(a) Regulated
(b) Determined through free interplay of demand and supply
(c) Partly regulated
(d) None of these
Correct answer: (b) Determined through free interplay of demand and supply
Under a free economy, prices are determined through free interplay of demand and supply.

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Capitalist Economy: Features and Drawbacks

Standard IX Economics

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