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In which economy decision are taken on the basis of price mechanism:

+3 votes

asked Apr 19, 2018 in Economics by kratos

In which economy decision are taken on the basis of price mechanism:

(a) Socialist

(b) Capitalist

(c) Mixed

(d) All of these

microeconomics
introduction to economics
economics of development and planning
class-12
terrorism

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1 Answer

+1 vote

answered Apr 2, 2021 by kratos

Best answer

Capitalist economy decision are taken on the basis of price mechanism.

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