give any two solutions to the basics problems of the economy
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Under such economies, all economic problems are solved with the help of free price mechanism and controlled price mechanism (economic planning).
Free price mechanism operates within the private sector; hence, prices are allowed to change as per demand and supply of goods.
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Under such economies, all economic problems are solved with the help of free price mechanism and controlled price mechanism (economic planning). Free price mechanism operates within the private sector; hence, prices are allowed to change as per demand and supply of goods.
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