Consumer sovereignty exists under
Communism
Socialism
Capitalism
Mixed economy
Traditional economy is a
Subsistence economy
Market economy
Command economy
Monetary economy
Production possibility curve is also known as
Transformation curve
Production possibility frontier
Both a & b
Supply curve
Under Socialism the means of production are owned by
Private individuals
Society
Capitalist
Co existence of private and public sectors is an important feature of
All the above
Red tappism and corruption lead to
In efficiency of production
In equality of income and wealth
Absence of technology
Lack of development
Economic problems in socialist economies are solved by
Planning
Price mechanism
Producer
Investor
Pricing System under socialism is referred as
Administered price
Normal price
Market price
Supply price
The basic economic problems are common to
Most of the economic activities of capitalism are centered on
Price machanism
Production
