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प्रश्न
Who determines prices in a capitalist economy?
विकल्प
Government
Big corporates
Market forces
None of these
MCQ
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उत्तर
Market forces
Explanation:
In a capitalist economy, prices are determined by market forces of supply and demand rather than by the government or big corporates. The market mechanism allows for allocation of resources and price determination based on consumer demand and producer’s supply. This is a fundamental feature of capitalism where the price mechanism acts as an “invisible hand” coordinating economic decisions independently.
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