Which of the following statement(s) is/are correct?
A. Only I
B. I and II
C. I and III
D. All of the above
Answer:B
Which of the following statement(s) is/are correct?
A. Only I B. I and II C. I and III D. All of the above
Explanation: A market economy requires unrestricted entry of new firms, new ideas, and new technologies so that the forces of competition can guide capital and labour resources to their most productive and dynamic uses. But it also requires exit so that resources are forced or enticed away from inefficient and unsustainable uses.