Edzy
AI TutorResourcesToolsCompareBuy
SearchDownload AppLogin
Edzy

Edzy for Classes 6-12

Edzy is a personal AI tutor for CBSE and State Board students, with curriculum-aligned guidance, practice, revision, and study plans that adapt to each learner.

  • Email: always@edzy.ai
  • Phone: +91 96256 68472
  • WhatsApp: +91 96256 68472
  • Address: Sector 63, Gurgaon, Haryana

Follow Edzy

Browse by Class

  • CBSE Class 6
  • CBSE Class 7
  • CBSE Class 8
  • CBSE Class 9
  • CBSE Class 10
  • CBSE Class 11
  • CBSE Class 12
Explore the CBSE resource hub

Explore Edzy

  • Study Resources
  • Free Study Tools
  • Best Apps for Board Exams
  • Edzy vs ChatGPT
  • About Us
  • Why We Built Edzy
  • Blog
  • CBSE AI Tutor

Support & Legal

  • Help & FAQs
  • Accessibility
  • Privacy Policy
  • Terms & Conditions
  • Refund Policy
  • Cookie Policy
  • Site Directory

© 2026 Edzy. All rights reserved.

Curriculum-aligned learning paths for students in Classes 6-12.

I
Question Practice

In capitalist economies, what determines the price of labor services?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
Introduction
Question Bank

In capitalist economies, what ...

Single Answer MCQ
Q-00088955

In capitalist economies, what determines the price of labor services?

1

Government regulations

2

Gross domestic product

3

Market demand and supply

4

Community agreements

Previous QuestionNext Question

Video Explanation

Answer

Solution:

Watch Video Solution

Login to get access

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What book is considered the foundational text for the emergence of macroeconomics?

Single Answer MCQ
View explanation
Q2.

Which economic crisis prompted a re-examination of economic theories leading to the birth of macroeconomics?

Single Answer MCQ
View explanation
Q3.

Before Keynes, which school of thought dominated economic thinking?

Single Answer MCQ
View explanation
Q4.

What is the significance of John Maynard Keynes in economic thought?

Single Answer MCQ
View explanation