Economic problems in socialist economies are solved by
Planning
Price mechanism
Producer
Investor
Name the economic system that operates through price mechanism .
Mixed economy
Capitalism
Socialism
All the above
Who is the uncrowned king in Capitalism ?
Consumer
Both
Most of the economic activities of capitalism are centered on
Price machanism
Both a & b
Production
Under Socialism the means of production are owned by
Private individuals
Society
Capitalist
Red tappism and corruption lead to
In efficiency of production
In equality of income and wealth
Absence of technology
Lack of development
Indian economy is a classical example of ________ economic system .
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
Capitalist production motivated by
Social Interest
Profit
Income Equality
Income inequality
