Indian economy is a classical example of ________ economic system .
Socialism
Capitalism
Mixed economy
All the above
The basic economic problems are common to
Who is the uncrowned king in Capitalism ?
Consumer
Producer
Both
Investor
In a socialist economy all decisions regarding production and distribution are taken by
Market forces
Central planning authority
Customs and traditions
Private sector
Co existence of private and public sectors is an important feature of
Name the economic system that operates through price mechanism .
Most of the economic activities of capitalism are centered on
Planning
Price machanism
Both a & b
Production
Consumer sovereignty exists under
Communism
Pricing System under socialism is referred as
Administered price
Normal price
Market price
Supply price
Capitalist System developed first in
Japan
USA
England
France