Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 1 - Introduction to Micro and Macro Economics [Latest edition]
Q.3 Identify and explain the concept from the given illustration:
2. Ramesh decided to take all decisions related to production, such as what and how to produce?
Sol :- Concept: Free market Economic
Explanation:
A free market economic where the economic decisions regarding the function of goods, such as 'What to produce?, How much to produce?, How to produce? ect.,' are taken at individual levels. There is no intervention by the Government or any other agency.
