The economic System whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply is

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The economic System whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply is

1.Market socialism

2.Market capitalism

3.Centrally- planned socialism

4.Centrally- planned capitalism

Posted Date:-2021-11-09 08:50:19

More MCQS Questions and answers

  1. A license is a ______ permission issued by the government to an industrial undertaking.
  2. Actually sickness where units being closed for more than __________ months.
  3. Adding new, unrelated products or services for present customers is called horizontal _____
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  12. Every economy totally free from government role?
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  15. For the society, religion has no influence on
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  29. The second five year plan was given during _______
  30. The _______ is an introduction to the constitution and contains its basic philosophy.
  31. Waldsterben is called as __________
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  37. Which of the following could be effective in preventing a potential competitor from entering the market?
  38. Which of the following is not a major reactive motif for initiating export?
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