question_answer

      Market Economy:

1. The role of market forces and competition is eliminated by law

2. There is a high degree of competition in both commodity and factor markets

3. Private gains are the main motivating and guiding force for carrying out economic activities

Which among the above is/ are correct statements?

A) Only 1 & 2 are correct

B) Only 2&3 are correct

C) All are correct

D) None of them is correct