GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who makes the decisions in a Market economic system?
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Government
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Consumers
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Based upon customs, beliefs, religion and habits
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None of the above
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Explanation:
Detailed explanation-1: -Most economic decisions are made by buyers and sellers, not the government. A competitive market economy promotes the efficient use of its resources. It is a self-regulating and self-adjusting economy.
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