Price is principle mean of allocation of resources in capitalist economy

Economics

Demand is the basis for price, then why the answer is not demand Video Details ------------- Business Economics Basic Problems of an Economy & Role of Price Mechanism #12. Q&A

Screenrecorder-2026-04-09-20-38-28-116.mp4

Renuka chitrada

CA Foundation

★ 1K+

09-Apr-26 20:39

149

Answers (3)

Hello Renuka, kindly screenshot the question you are referring to and reply to this chat, I’d be happy to Answer your question in detail

frenil dsouza

Faculty

11-Apr-26 13:07

This app doesn't allow screenshot, but I will share question What is principle mean of allocation of resources in capitalist economy

Thread Starter

Renuka chitrada

CA Foundation

★ 1K+

12-Apr-26 13:52

They are driven by demand, supply, and profit incentives but allocated by price.

frenil dsouza

Faculty

14-Apr-26 17:36