1. Friedrich von Hayek who advocated free-market capitalism belongs to?

Answer: Austria

Reply

Type in
(Press Ctrl+g to toggle between English and the chosen language)

Comments

Show Similar Question And Answers
QA->Friedrich von Hayek who advocated free-market capitalism belongs to?....
QA->Friedrich von Hayek advocated his free-market capitalism through the book?....
QA->Time and Money was written by ?Friedrich Hayek....
QA->Who is known as the major proponent of free market; arguing against government intervention in a market economy?....
QA->Who advocated the policy of abolishing princely states in free India?....
MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is...
MCQ->With reference to Congress Socialist Party, consider the following statements :1. It advocated the boycott of British goods and evasion of taxes.2. It wanted to establish the dictatorship of proletariat.3. It advocated separate electorate for minorities and oppressed classes. Which of the statements given above is/are correct?...
MCQ->Which one of the following is NOT the characteristic of ‘a six point syndrome’ of totalitarianism propounded by Friedrich and Braezinski ?...
MCQ->According to von Thunen's Model, which agricultural zone is closest to the market?...
MCQ->The main features of capitalism are------------------...
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use | Powered By:Omega Web Solutions
© 2002-2017 Omega Education PVT LTD...Privacy | Terms And Conditions
Question ANSWER With Solution