Who is the uncrowned king in Capitalism ?
Consumer
Producer
Both
Investor
Capitalist production motivated by
Social Interest
Profit
Income Equality
Income inequality
Production possibility curve is also known as
Transformation curve
Production possibility frontier
Both a & b
Supply curve
Name the economic system that operates through price mechanism .
Mixed economy
Capitalism
Socialism
All the above
Capitalist System developed first in
Japan
USA
England
France
Traditional economy is a
Subsistence economy
Market economy
Command economy
Monetary economy
Most of the economic activities of capitalism are centered on
Planning
Price machanism
Production
Under Socialism the means of production are owned by
Private individuals
Society
Capitalist
Trial and error process is adopted
Capitalist system
Communist system
Socialist system
Economic problems in mixed economies are solved by
Price Mechanism
Price Mechanism and Planning
Marketing
