Question : A 'Market Economy' is one in which
Option 1: is controlled by the government
Option 2: is free from the government control
Option 3: is influenced by international market forces
Option 4: All of these
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: is free from the government control
Solution : The correct answer is free from government control.
An economic system known as a market economy is one in which businesses and individual citizens of a nation collectively interact to determine economic policy and the cost of goods and services. Government involvement is minimal. It is a form of economic system in which supply and demand, rather than government intervention, control the economy. An economy with a truly free market is one in which every resource is privately owned.
Candidates can download this ebook to know all about SSC CGL.
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Question : One of the features of a free market economy is
Question : Which among the following is a 'Modifier key'?
Question : Expand the term IPCC :
Question : Which of the following is one of the Open Market Operations of the Reserve Bank of India?
Question : The newsprint sector in our country is governed by which order from the following?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile