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kolezko [41]
2 years ago
15

Explain how the basic economic problems are solved under capitalism?​

Business
2 answers:
Misha Larkins [42]2 years ago
8 0
Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce.
kotykmax [81]2 years ago
6 0

Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce

I hope tis helped you <3 also can u mark me as the brainliest it will help me level up

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No close substitutes for the product exist and there is one seller.

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