Question

Q. 4) Write the short notes on. iii) capitalist economy i​

Answer 1

An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated. In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it.

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Answer 2

Answer:

each challenge does not have a possibility of reform. true/ false