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CUET Economics 2024

Economics
>
Income & Employment

Easy

It is market where economic agents freely exchange their own goods:

Correct Option: 1
Market economy is where -> agents freely exchange goods. \newline Key terms: \newline
    \newline
  1. Market -> free exchange of goods
    2. \newline
  2. Economic agents -> buyers and sellers
    3. \newline
  3. Goods -> products or services
Option 1: Market economy -> free exchange \newline Option 2: Centrally planned -> government controlled \newline Option 3: Aggregate demand -> total demand \newline Option 4: Aggregate supply -> total supply

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