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Question Practice

What is a defining feature of a market economy?

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

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Introduction
Question Bank

What is a defining feature of ...

Single Answer MCQ
Q-00089285

What is a defining feature of a market economy?

1

Government control of production

2

Price signals coordinating economic activities

3

Fixed production quotas

4

Centralized decision-making

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