Chapter 8 Building Blocks in Economics the Problem of Choice - Part 4

What does an economic system determine?

Type: MCQ • Marks: 1
What does an economic system determine?
Options
A. How an economy answers what, how and for whom to produce
B. Only how elections are conducted
C. Only how schools are managed
D. Only how courts operate
Explanation
Explanation: Economic systems provide mechanisms for making fundamental allocation decisions.
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Class 9th Understanding Society India and Beyond, Part I

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