Question

Identify the form of economoic system on the basis of the following features.
1) The state takes the decision about the use resources
2) The government doesn't interfere in the functioning of the market.
3) Price mechanism is allowed to function subject to certain regulations.​

Answer 1

Explanation:

sorry dear i do t no

Answer 2

Answer:

An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country. Economic systems regulate the factors of production, including land, capital, labor, and physical resources. An economic system encompasses many institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.