Economy, asked by bolti, 1 month ago

Ramesh decided to take all decisions ralated to production, such as what and how to produce?... Identify and explain the concepts from the given illustration

Answers

Answered by AnnuDahiya4501

4

Concept: Free market Economic

Explanation:

A free market economic where the economic decisions regarding the function of goods, such as 'What to produce?, How much to produce?, How to produce? ect.,' are taken at individual levels. There is no intervention by the Government or any other agency.

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