The correct option here is the option C.
The absolute market economy is the economy in which the government has the complete control of the market and it decides both the supply and the demand for a certain product. The mixed market economy is basically free market with certain government regulations that are placed in order to protect the economy and the consumers. So in order to increase more wealth certain regulations would be loosened in the the mixed market economy and would not happen in command economy.
<span>The effect the fierce competition among industrial nations had globally was that it altered patterns of world trade.</span>
Answer:
It does not give much confidence to the learner. Inspite of good-knowledge, the learner may feel inferiority complex in a group of highly educated persons.
