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What principle did the Labor Exchange promote?

AFree market competition to maximize profit

BNo competition, no money, no profit

CGovernment regulation of all industries

DProfit maximization through aggressive competition

Answer:

B. No competition, no money, no profit

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Related Questions:

Which of the following is the liability of an auditor?
Securing possession of records of a co-operative society is in section ---- of KCS Act
The audit fee of a Co-operative Society is payable to:
..................... is a form of organisation where in persons voluntarily associate together as human beings on a basis of equality for the promotion of economic interest of themselves".

What are the fundamental points on which capitalism depends

  1. Right of freedom
  2. Right of Contract
  3. Right of inheritance
  4. Right of personal gain