A capitalist economy uses _______ as the principal means of allocating resources
  • a)
    Demand
  • b)
    Supply
  • c)
    Efficiency 
  • d)
    price
Correct answer is 'D'. Can you explain this answer?

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Answers

Deshansh Khatri
Jun 12, 2018
Price is important because private sector have profit motive therefore

Priya
Jun 12, 2018
Capitalist economy is directly related to private sector n private sector are alwz having profit motive...

Ayush Chaturvedi
Jun 12, 2018
As capitalist economy is related to private sector and its only motive is to earn higher profit.so,it uses price for allocating resources..

Heenal Chauhan
May 27, 2018
It is related to private sectors and private sectors are only for profit making

Price is important because private sector have profit motive therefore
Price is important because private sector have profit motive therefore