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प्रश्न
Under ______ profit motive is replaced by the motive of social welfare.
पर्याय
Capitalism
Mixed economy
Socialism
None of these
MCQ
रिकाम्या जागा भरा
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उत्तर
Under socialism profit motive is replaced by the motive of social welfare.
Explanation:
Under socialism, the profit motive is replaced by the motive of social welfare. This means that economic activities are carried out for the benefit and welfare of the entire society, rather than aiming for individual profits as in capitalism. Socialism emphasizes social ownership of production, economic planning, and the goal of maximizing social welfare over private profit.
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