Economics · Economic Systems

Which economic system relies primarily on market forces for resource allocation?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Command economy
2Mixed economy
3Capitalist economy✓
4Socialist economy

Correct answer

Capitalist economy

Download Single Question PDF

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Share with Friends & Study Groups

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Preparing for Economics?

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Start Free Mock Test →

Chapter Practice

Want more practice questions on Economic Systems?

Solve complete topic-wise tests with detailed solutions on GkGet.

Practice Economic Systems MCQs →

Recommended practice questions in Economics · Economic Systems

Browse More Economics →

Which Indian independence movement leader was primarily known for his philosophy and practice of non-violent civil disobedience?

Solve Question→

Who gave the call for 'Do or Die' during the Quit India Movement in 1942?

Solve Question→

Which of the following revolutionary pairs were imprisoned together in Cellular Jail and faced harsh conditions, contributing significantly to the Indian independence movement?

Which economic system relies primarily on market forces for resource allocation?

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions

Which economic system relies primarily on market forces for resource allocation?

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Related Practice Questions

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions