For the economy, prices are beneficial:

Related MCQs

• Consider the following statements: 1. In a Capitalist economy there is private ownership of means of production 2. In a communist nation, the means of production are owned by the State 3. In a free-market economy there is minimum role of the Government Which of the above 3 statement is/are true?
• They are not affected badly by rising prices:
• What does the term Gross investment mean while denoting a nation's economy?
• What does the term free-market denote in terms of economy?
• What do you mean by a mixed economy?
• Which sector contributes the most to India's economy in terms of GDP?
• Which sector contributes the most to India's economy?
• If the contribution of the agricultural sector is decreasing in a country's economy, then what conclusion can be drawn?
• An increase in injections into the economy may lead to:
• Excess demand for money, according to Say’s law in the Economy: