Question : _________ is a market where economic agents can freely exchange their endowments with each other.
Option 1: Market economy
Option 2: Centrally planned economy
Option 3: Aggregate demand based economy
Option 4: Aggregate supply based economy
Correct Answer: Market economy
Solution : A market economy is a system in which privately held companies engage in unregulated competition to set prices and determine production. Market economy is a market where economic agents can freely exchange their endowments which each other.
Question : The market where existing securities are bought and sold is known as ________
Question :
Which of the following is an example of an economic environment?
Question : The Great Leap Forward (GLF) campaign took place in ________
Question : If the value of Investment Multiplier is 5 and the increased income is 800 crore in an economy, the
Question : When Elasticity of Demand Curve is 1 at every point on the Demand Curve, this curve is known as:
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