Advertisements
Advertisements
प्रश्न
What is the key feature of capitalism as an economic system?
पर्याय
Private ownership; market-driven decisions
Democratic planning through a central commission
State ownership; planned resource allocation
Combination of both public and private sectors
MCQ
Advertisements
उत्तर
Capitalism is defined by private ownership of resources, with decisions driven by the market. This contrasts with socialism (state ownership with planned resource allocation) and the mixed economy (combination of both public and private sectors).
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
