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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
Capitalism refers to the creation of wealth and ownership of capital, production, and distribution, whereas a free market system has to do with the exchange of wealth or goods and services. Key features of capitalism include personal ownership of property, open competition, and individual incentives.
By: Barka Mirza ProfileResourcesReport error
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