GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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only private interference is exist in which type of economy
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mixed
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capitalist
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other
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None of the above
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Explanation:
Detailed explanation-1: -These include laissez-faire or free-market capitalism, anarcho-capitalism, state capitalism and welfare capitalism.
Detailed explanation-2: -The interference of the government is very limited in capitalist economy. There is no central planning authority. In fact, there is little or no government or central authority that takes market decisions. The prices are determined by the free interaction of the forces of demand and supply.
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