Economy, asked by viddhyanidhi441, 10 months ago

Resource allocation in planned economy is based on

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Answered by MissTanya
0

{\huge{\mathcal{\purple{ANSWER :- }}}}

In a free market economy, resources are allocated through the interaction of free and self-directed market forces. This means that what to produce is determined consumers, how to produce is determined by producers, and who gets the products depends upon the purchasing power of consumers.

Answered by singlegirl786
1

In a free market economy, resources are allocated through the interaction of free and self-directed market forces. This means that what to produce is determined consumers, how to produce is determined by producers, and who gets the products depends upon the purchasing power of consumers.

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