CUET Preparation Today
______ is a market where economic agents can freely exchange their endowments with each other. |
Market economy Centrally planned economy Aggregate demand based economy Aggregate supply based economy |
Market economy |
The correct answer is Option (1) → Market economy A market economy is a system where economic agents (such as individuals and businesses) can freely exchange their endowments, goods, and services with each other without centralized control, based on supply and demand dynamics. |
