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Commerce · Q520

Business Environment and International Business

Graduate and Post Graduate · Commerce · question 520

Q520

Which of the following statement is incorrect?

A.
Economic system is not the feature of mixed economy
Answer
B.
Price mechanism is not affective in socialist economy
C.
Classless society is a feature of socialist economy
D.
Socialism is an universal economic system

Answer: Option A

Solution

Answer: Option A
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