In a market economy, prices are primarily determined by:
✓ Correct Answer: Option B
In a market economy, prices emerge from the interaction of supply (sellers) and demand (buyers) in free markets.
📚 About This General Knowledge Practice Question
This 1-level General Knowledge question from the World History topic is part of One Paper Preparation's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.
How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free General Knowledge practice test or use flashcards for spaced repetition review.