Demand and Supply , Market Structures

Economics- Phase (I & II)

Title

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Indian Economy - Understanding the basics of Indian economic system

The goal of a pure market economy is to meet the desire of?

Consumers

Companies

Workers

The government

- Consumers (Option 1):

- A pure market economy aims to satisfy consumer desires.

- Companies and producers respond to consumer demand.

- This system prioritizes choice and freedom for consumers.

- Answer: In a pure market economy, the goal is to meet the desires of consumers.

- Companies (Option 2):

- Companies profit by meeting consumer demands.

- Their primary goal is economic gain, not necessarily the broader market goals.

- Workers (Option 3):

- Workers contribute to the economy by providing labor.

- Their interests are often focused on wages and job security.

- The government (Option 4):

- In a pure market economy, government involvement is minimal.

- It does not primarily focus on government goals or desires.