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.
If goods were free, a rational consumer would consume ...
The most important function of merchant banks is the ...
A tax is regressive if the ...
When the demand for a commodity is inelastic, who bears the greater burden of the indirect tax? ...
The Central Bank's expansionary monetary policy is justified at a period ...
An economy which exhibits features of both private and State enterprises is known as ...
A rational consumer tends to do all the following except ...
Labour force simply means the ...
International trade and domestic trade are similar in all aspects except that ...