ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Our economic system is known as what type
A
Socialism
B
Free Market
C
Command
D
Unitary
Explanation: 

Detailed explanation-1: -A capitalist economy is a type of free market economy; the profit motive drives all commerce and forces businesses to operate as efficiently as possible to avoid losing market share to competitors.

There is 1 question to complete.