Under Socialism the means of production are owned by
Private individuals
Society
Capitalist
Mixed economy
Name the economic system that operates through price mechanism .
Capitalism
Socialism
All the above
Pricing System under socialism is referred as
Administered price
Normal price
Market price
Supply price
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
Most of the economic activities of capitalism are centered on
Price machanism
Both a & b
Production
In a socialist economy all decisions regarding production and distribution are taken by
Market forces
Central planning authority
Customs and traditions
Private sector
Indian economy is a classical example of ________ economic system .
Co existence of private and public sectors is an important feature of
The basic economic problems are common to