Economy, asked by meghasharma212004, 7 months ago

what are the central problems of an economy? how can these be solved?

Answers

Answered by Anonymous

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. Every economic activity in Capitalist economy is influenced by profit motive.

Previous Question

Next Question

Similar questions

India Languages, 3 months ago

आश्चर्येण --इति पदस्य समानार्थकं पदं अस्ति---- ...

Math, 3 months ago

expand (√3+√2)²find the given question...

Social Sciences, 3 months ago

2. Mountain Ranges of Himalaya short note...

Biology, 7 months ago

(a) how do organisms reproduced by fission? (b) write names of any two organisms which reproduce by this method. (c) Differentiate between the fission of Bacteria and plasmodium.

English, 7 months ago