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Economics miscellaneous

  1. A ‘Market Economy’ is one which
    1. is controlled by the Government
    2. is free from the Government control
    3. in influenced by international market forces
    4. All of these
Correct Option: B

A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country’s individual citizens and businesses. There is little government intervention or central planning. The United States is the world’s premier market economy.



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