How does the market forces of supply and demand solve three central problems in market economy
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In a market economy, the central problem is solved by market forces of demand and supply. Market economy is also called the capitalist economy, in which the prices are determined by the free interaction of the forces of demand and supply.
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NANBA...
There are three central problems in an economy: what to produce, how to produce, and for whom to produce. A PPC helps to solve all these problems.
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