Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Which of the following factor determines the goods and services provided by the market in a mixed economy?

Options:

Government regulations

Consumer demand

Producer preferences

Social needs

Correct Answer:

Consumer demand

Explanation:

In a mixed economy, the goods and services provided by the market are determined by consumer demand. The market produces and offers goods and services based on what consumers are willing to buy. The government will provide essential goods and services which the market fails to do.