The economy which produces only those consumer goods which are demanded by the buyers and which can ...........

Economics (CUET) Development Experience (1950-90)

The economy which produces only those consumer goods , which are demanded by the buyers and which can be sold in domestic or foreign markets profitably is known as : –

Market economy.

Capital Economy

Both A and B

None of the above

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Explanation:

A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are unimpeded by price controls or restrictions on contract freedom.
In economics, capital goods or capital consists of "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year."