Economy, asked by anushkatinker2003, 7 months ago

solution of central problem in different economic

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Answered by parisbabu79

Answer:

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Answered by anuroopa80

Explanation:

Basic problems in Capitalist economies are solved through price mechanism, in Socialist economy through planning and in mixed economy through price mechanism and economic planning. ... In the same way, price of the factors of production is determined in the factor market.

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