How the central problems are solved in Capitalistic Economy?
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Answer:
Answer: Basic problems in Capitalist economies are solved through price mechanism, in Socialist economy through planning and in mixed economy through price mechanism and economic planning. ... In the same way, price of the factors of production is determined in the factor market.
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Answer:
Price Mechanism.
Explanation:
The central problems are solved through price mechanism. Each and every economic activity in capitalist economy is influenced by profit motive.
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