If there is no central planning authority to make the fundamental economic decisions and thus to allocate productive resources, how can then free…
CA Foundation · Business Economics · MTP · June 2024
If there is no central planning authority to make the fundamental economic decisions and thus to allocate productive resources, how can then free enterprise or capitalist economy solve its central Economic problems?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. The free market economy uses the impersonal forces of the market to solve its central problems
Topics: Public Finance
Related Questions in this Topic
- Maximum price ceilings imposed on essential commodities aim to:
- Government borrowings from foreign governments and institutions:
- The concept of "crowding out" refers to:
- The Finance Bill is discussed and debated in which house of parliament?
- The difference between fiscal deficit and interest payment is: