In a free market economy the allocation of resources is deter-mined by–

  1. votes taken by customers
  2. a central planning authority
  3. by customer preference
  4. levels of profits of firms
Anurag Mishra Professor Asked on 9th July 2016 in Commerce.
Add Comment
1 Answer(s)

Answer: (3) by customer preference 

Anurag Mishra Professor Answered on 9th July 2016.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.