Which of the following activities of government precludes the existence of a market economy?
a
The imposition of taxes
b
The control of the location of industry
c
The central planning of production
d
The fixing of maximum price for all necessities
e
The establishment of law requiring the registration of business firms
Explanation
Correct Option
cNo explanation available
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preetybint
12 years ago
option C is correct because a markert is one in which major decision relating to production,distribution and investment is base on supply and demand,and prices of goods and services are determined in a free price system.
