In a market economy (also called a free enterprise or capitalist economy), prices are determined by the interaction of market forces of demand and supply. The government does not intervene in price determination. Neither demand alone nor supply alone determines price; it is the equilibrium of both forces that sets the market price.
In a market Economy; prices are determined by :
CUET UG 2023 — Economics Micro
2023mcqeasy
In a market Economy; prices are determined by :
Official previous-year question
Verified 13 Jul 2026.
Options
- A
The Government
- B
Demand of goods
- C
Supply of goods
- D
Demand and supply of goods
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