In the free market economy the allocation of resources is determined by ____

CA Foundation · Business Economics · MTP · September 2025
In the free market economy the allocation of resources is determined by ____
(A) A. voting done by consumers
(B) B. A Central Planning Authority
(C) C. Consumer Preferences
(D) D. The level of profits of firms

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Consumer Preferences

Topics: Nature & Scope of Business Economics

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