MCQ
Who controls economic activities under centrally planned economies?
- AIndustrialists
- BPrivate firms
- ✓Government
- DConsumers
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| Column I | Column II |
| A. Resources | (i) Scarce only in poor economies |
| B. What to produce | (ii) Problem is concerned with the choice of technique of production |
| C. Market economy | (iii) Decisions are taken on the basis of supply and demand forces in the market |
| D. PPC | (iv) Slopes upward |