Who is the uncrowned king in Capitalism ?
Consumer
Producer
Both
Investor
Economic problems in mixed economies are solved by
Planning
Price Mechanism
Price Mechanism and Planning
Marketing
Pricing System under socialism is referred as
Administered price
Normal price
Market price
Supply price
The prime motive of socialist economy is
Social welfare
Profit
Production
Capitalist production motivated by
Social Interest
Income Equality
Income inequality
Production possibility curve is also known as
Transformation curve
Production possibility frontier
Both a & b
Supply curve
In a traditional economy, basci problems are solved by
Traditions and customs
Producer and consumer
Market and producer
Producer and investor
Capitalist System developed first in
Japan
USA
England
France
Trial and error process is adopted
Capitalist system
Communist system
Socialist system
All the above
Name the economic system that operates through price mechanism .
Mixed economy
Capitalism
Socialism
