In a free market economy, the allocation of resources is determined by

CA Foundation · Business Economics · MTP · April 2025
In a free market economy, the allocation of resources is determined by
(A) A. Consumer Preferences
(B) B. Voting done by consumers
(C) C. The level of profit
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Consumer Preferences

Topics: Nature & Scope of Business Economics

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