English

An economic system in which the means of production are privately owned and organised to accumulate profits within a market system. The phenomenon is known as ______. -

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Question

An economic system in which the means of production are privately owned and organised to accumulate profits within a market system. The phenomenon is known as ______.

Options

  • Capitalism

  • Globalisation

  • Imperialism

  • Colonisation

MCQ

Solution

Capitalism

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Introduction to Structural Change
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