Red tappism and corruption lead to
In efficiency of production
In equality of income and wealth
Absence of technology
Lack of development
In a traditional economy, basic problems are solved by
Traditions and customs
Producer and consumer
Market and producer
Producer and investor
Indian economy is a classical example of ________ economic system .
Socialism
Capitalism
Mixed economy
All the above
Trial and error process is adopted
Capitalist system
Communist system
Socialist system
Under Socialism the means of production are owned by
Private individuals
Society
Capitalist
Economic problems in mixed economies are solved by
Planning
Price Mechanism
Price Mechanism and Planning
Marketing
Co existence of private and public sectors is an important feature of
The prime motive of socialist economy is
Social welfare
Profit
Production
Investor
Social Interest
Income Equality
Income inequality
Who is the uncrowned king in Capitalism ?
Consumer
Producer
Both
