An economic system in which the decision on what and how ...
An economic system in which the decision on what and how to produce is determined by the individual is called
Capitalism
Communism
Socialism
Traditionalism
Welfarism
Correct answer is A
Capitalism is an economic system in which private individuals or businesses own capital goods, and decide what and how to produce goods.
Since money is demanded for what it can buy, the demand is said to be ...
The concept of economics efficiency primarily implies ...
One economic implication of over-population is that it ...
The invisible hand promotes the interests of ...
In estimating the national income of a country, the three approaches usually adopted are the ...
The following are Methods of measuring National Income of a country EXCEPT ...
When the government imposes a unit tax on a commodity with perfectly inelastic demand, the ...