One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty

One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty
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(4) consumer's sovereignty Explanation: Consumer Sovereignty is one of the features of a free market economy. It refers to the assertion consumer preferences determine the production of goods and services. In a free market system, market performance is in fact responsive to the specific wants of the consumers within the system.
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One of the features of a free market economy is (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer’s sovereignty

Description : One of the features of a free market economy is (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer’s sovereignty

Last Answer : consumer’s sovereignty

Consumer's sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer's expenditures influence the allocation of resources. (4) consumer goods are free from government control,

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Consumer’s sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer’s expenditures influence the alloca tion of resources. (4) consumer goods are free from government control.

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Last Answer :  consumers are free to spend their income as they like.

What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

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Last Answer : the Government does not interfere in the free functioning of demand and supply forces in the market

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The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities is known as (1) Consumer Protection (2) Consumer’s Decision (3) Consumer Preference (4) Consumer’s Sovereignty

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Last Answer : d. sellers providing goods for free that were formerly not free

In a free enterprise economy, resource allocation is determined by - (1) the pattern of consumers' spending (2) the wealth of the entrepreneurs (3) decision of the Government (4) the traditional employment of factors

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Last Answer :  the pattern of consumers’ spending

In an economy, the sectors are classified into public and private on the basis of - (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials

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The main feature of a capitalist economy is - (1) Administered prices (2) Public ownership (3) Economic planning (4) Private ownership

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Last Answer : d. Both a and b

"Globalisation of Indian Economy" denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

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The central problem of how to produce is resolved by (a) Demand and supply of factor inputs ; (b) Demand and supply of goods; (c) Relative prices and availability of factors of production ; (d) Government intervention

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Last Answer : is free from the Government control

Private ownership of property and resources is a characteristic of _____________ economy. a) socialist b) command c) market d) traditional

Description : Private ownership of property and resources is a characteristic of _____________ economy. a) socialist b) command c) market d) traditional

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)A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased production in the current period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

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If the total production in an economy is produced by “a few big firms” than this market is known as (a) Monopolistic Competition (b) Duopoly (c) Oligopoly (d) Discriminating Monopoly

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If the total production in an economy for a product is produced by a few big firms, then this market is known as : (a) Monopolistic Competition (b) Oligopoly (c) Duopoly (d) Discriminating Monopoly

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Description : A very high rise in National Income at current market prices and a low rise at constant prices reveals (1) the high rate of growth in the economy at the current period (2) the increased production ... (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy 

Last Answer :  the high rate of inflation prevailing in the economy

In a pure market economy, which of the following is a function of the price? I. provide information to sellers and buyers , II. provide incentives to sellers and buyers a. I only b. II only c. both I and II d. neither I nor II

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Which one among the following is not a fundamental duty of the citizen of India? (1) To develop scientific temper, humanism and the spirit of inquiry and reform (2) To safeguard public property and to abjure violence (3) To uphold and protect the sovereignty, unity and integrity of India (4) To practice family planning and to control population

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In a free market system how are incentives related to the principle of consumer sovereignty?

Description : In a free market system how are incentives related to the principle of consumer sovereignty?

Last Answer : Feel Free to Answer

What economic system emphasizes the private ownership of most factors of production?

Description : What economic system emphasizes the private ownership of most factors of production?

Last Answer : Need answer

Which of the following is not a feat tare of a capitalist economy? (1) Right to private property (2) Existence of competition (3) Service motive (4) Freedom of choice to consumers

Description : Which of the following is not a feat tare of a capitalist economy? (1) Right to private property (2) Existence of competition (3) Service motive (4) Freedom of choice to consumers

Last Answer : (3) Service motive Explanation: Capitalism is an economic system in which each individual in his capacity as a consumer, producer, and resource owner is engaged in economic activity with a large ... of businessmen, farmers, producers, including that of wage-earners are based on the profit motive.

Which of the following is not a feature of a capitalist economy? (1) Right to private property (2) Existence of competition (3) Service motive (4) Freedom of choice to consumers

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Last Answer : Service motive

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The major objective of monetary policy is to (1) increase government’s tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy

Description : The major objective of monetary policy is to (1) increase government’s tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy 

Last Answer : Promote economic growth with price stability

The Keynesian productivity deal……… (a) called for the active intervention of the state to stimulate growth in productivity and output (b) linked increases in wages to increases in productivity so that wages and profits could both rise (c) linked increases in wages to increases in productivity so that wages and profits could both rise (d) all of the above

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Last Answer : (d) all of the above 

Laissez-faire economics refers to: a) a term denoting economic transactions carried out by the State/government b) economic transactions in private parties where there is no intervention by the State/government c) a branch of socialism focusing on welfare economics d) None of the above

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Which one of the following is NOT an assumption of classical theory of employment ? (a) Full employment(b) Laissez-faire policy (c) State intervention. (d) Perfect competition

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What is governments policy to allow the economy to operate with no government intervention?

Description : What is governments policy to allow the economy to operate with no government intervention?

Last Answer : Need answer

The goal of a pure market economy is to meet the desire of? a) Consumers b) Companies c) Workers d) The government

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Last Answer : Answer- a 

If a necrotizing soft tissue infection is considered, therapy mandates: a. Empiric administration of antibiotics active against gram-positive, gram-negative, and anaerobic bacteria b. Due to usually resistant species, penicillin is not indicated c. Immediate operative intervention and aggressive resection of all involved tissues is mandatory d. The use of hyperbaric oxygen has been demonstrated to be clearly advantageous

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Last Answer : Answer: a, c Identification of a necrotizing, soft tissue infection mandates immediate operative intervention with aggressive resection of all involved tissues and empiric ... remains without controlled trials demonstrating any additional benefits derived from hyperbaric oxygen therapy

What's one of the negative features of a free market economy?

Description : What's one of the negative features of a free market economy?

Last Answer : While a market economy has many advantages, such as fostering innovation, variety, and individual choice, it also has disadvantages, such as a tendency for an inequitable distribution of wealth, poorer work conditions, and environmental degradation

The basic features of the Indian Constitution which are not amendable under Article 368 are – (1) Sovereignty, territorial integrity, federal system and judicial review. (2) Sovereignty, territorial integrity and parliamentary system of government. (3) Judicial review and the federal system. (4) Sovereignty, territorial integrity, federal system, judicial review and parliamentary system of government.

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Which ideas favored public works projects because they put money into the hands of consumers who would buy more goods and stimulate the economy?

Description : Which ideas favored public works projects because they put money into the hands of consumers who would buy more goods and stimulate the economy?

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A marketer's advertising platform should consist of issues that are important to consumers. Selling features should not only be important to consumers, but also, if possible, should be features that A)competitive products lack. B)can be seen easily in a photograph. C)are familiar concepts to those in the target market. D)are reasonably inexpensive to develop.

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Last Answer : A)competitive products lack.

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Last Answer : : c) Goods and services that are consumed fully when purchased by the consumers

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Last Answer : The theory of comparative cost advantage is given by