What does “Capitalism” refer to?
AThe use of market
BGovernment ownership of capital
CPrivate ownership of capital goods
DPrivate ownership of homes and cars
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Related Questions:
What are the problems faced by the socialist economy?.List out from the following:
i.The public sector's investment potential is less and this affects economic growth adversely.
ii.In the absence of private ownership of wealth and transfer of wealth to the legal heir, people are less likely to work hard.
iii.Moreover, the consumers have only a limited choice of products.
ആധുനിക സോഷ്യലിസത്തിന്റെ പിതാവ് :
ഇന്ത്യൻ സമ്പത്ത് വ്യവസ്ഥയിൽ ഏറ്റവും കൂടുതൽ സംഭാവന നൽകുന്നത് ഏത് മേഖലയാണ് ?
Which of the following are considered as the features of a capitalist economy
- Individualism
- Flexible Labor Markets
- High Government Intervention
- Producer sovereignty
Which economy has a co-existence of private and public sectors ?