Economic problems in mixed economies are solved by
Planning
Price Mechanism
Price Mechanism and Planning
Marketing
Capitalist System developed first in
Japan
USA
England
France
The basic economic problems are common to
Capitalism
Socialism
Mixed economy
All the above
The basic force that drives the capitalist economy is
Technology
Government
Profit motive
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 .
Most of the economic activities of capitalism are centered on
Price mechanism
Both a & b
Production
Production possibility curve is also known as
Transformation curve
Production possibility frontier
Supply curve
In a traditional economy, basic problems are solved by
Traditions and customs
Producer and consumer
Market and producer
Producer and investor
In a socialist economy all decisions regarding production and distribution are taken by
Market forces
Central planning authority
Customs and traditions
Private sector
