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An Economy System That Uses What Is Regarded As The "Market Mechanism" Is Called? - Erudites Academy

An economy system that uses what is regarded as the “Market mechanism” is called?

A. Mixed economy
B. Socialism
C. Command economy
D. Capitalism

Correct Answer: Option D

D. Capitalism

Explanation

The market mechanism is solved through the Forces of demand and supply in the capitalist economy which is also known as free enterprise or a free-market economy.

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5 years ago