Question

Market mechanism is present in
i. Capitalistic economy only
ii. Capitalistic and mixed economy
iii. Capitalistic and socialistic economy
iv. Socialistic and mixed economy​

Answer 1

Answer:

4)Socialistic economy and mixed economy.

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Answer 2

A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods. A socialist economic system is characterised by greater government intervention to re-allocate resources in a more egalitarian way. There are also different aims of the economic systems.