Question

Which economy is a
market-oriented economy?
(a) Communist (b) Capitalist
(c) Socialist (d) Mixed​

Answer 1

Answer:

A social and economic system in which prices are fixed by the law of supply and demand rather than by a government or other body. In its pure form, a market economy is an economy absent of government subsidies, incentives, or regulations. A market economy contrasts with both a planned economy and a mixed economy.

Answer 2

Answer:

Option c is correct

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