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What is a capitalistic economy? - Economic Applications

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What is a capitalistic economy?

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उत्तर

A capitalistic economy, also known as a market economy or laissez-faire economy, is an economic system in which the means of production such as land and capital are owned by private individuals. People have the freedom to use their wealth and capital as they wish, and economic activities are guided by self-interest and profit motive without government interference.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 4: Types of Economies - QUESTIONS [पृष्ठ ५८]

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जे. पी. गोयल आणि कौशल गोयल Economic Applications [English] Class 9 ICSE
पाठ 4 Types of Economies
QUESTIONS | Q 1. (i) | पृष्ठ ५८
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