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Capitalist economic system is the feature of which of these countries? - Economic Applications

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प्रश्न

Capitalist economic system is the feature of which of these countries?

विकल्प

  • USA

  • UK

  • Japan

  • All of these

MCQ
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उत्तर

All of these

Explanation:

The capitalist economic system is characterized by private ownership of means of production, freedom of enterprise, and market-driven prices. Countries like the USA, UK, and Japan all feature capitalist economic systems where private individuals and businesses operate with minimal governmental interference. These countries have developed through industrialization under capitalist principles, which promote profit motive and economic freedom, leading to increased production and higher standards of living.

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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Types of Economies - QUESTIONS [पृष्ठ ६९]

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जे. पी. गोयल और कौशल गोयल Economics [English] Class 9 ICSE
अध्याय 4 Types of Economies
QUESTIONS | Q 9. | पृष्ठ ६९
जे. पी. गोयल और कौशल गोयल Economic Applications [English] Class 9 ICSE
अध्याय 4 Types of Economies
QUESTIONS | Q 9. | पृष्ठ ५६
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