The interference of the government is very limited in—
  • a)
    Socialist economy
  • b)
    Capitalist economy
  • c)
    Mixed economy
  • d)
    All the above.
Correct answer is option 'B'. Can you explain this answer?

CA Foundation Question

11 Answers
Lakshmi Sadhika Nagavara answered Apr 06, 2020
Answer is capitalist Economy. Becoz it is under private control.so there is less interference of government

Somnath Khaneja answered 4 weeks ago
As in capitalist economy there is no role of public sector and its main motive is to earn profit as it functions under private sector

Paradox A answered Apr 23, 2020
Capitalist economy

Rutuja Ainapure answered Aug 17, 2019
Capitalism is an economic system in which private individuals or business own capital goods. The production of goods and services is based on supply and demand in the general market -- known as market economy -- rather than through central planning -- known as a planned economy or command economy. Therefore, in Capitalist economy, there is a very limited interference of the Government.

Urvashi Porwal answered Apr 09, 2020
Correct answer is Option 'b' . Capitalist Economy is an economy where everything is owned , managed and controlled by the private sector . Here, the interference of government is minimum as this economy works for fulfilling it's own motive of maximizing profits. It does not care for social welfare as described in earlier times but now many private sectors are coming forward for helping in noble and social cause and trying to prove themselves better. But whole power in the hands of private sector is somewhere not logical as INDIA IS A DEMOCRATIC COUNTRY.

Saumitra Gosavi answered Apr 14, 2020
The question is little tricky.... The answers seems to be Mixed Economy first time but if we look to the question carefully, we will analyse the meaning of limited... here, limited means too short... now, as we know, government had launched several regulatory bodies to regulate different sectors like RBI, SEBI, CCI, IRDAI etc. which oversees to the corporates for proper regulation... thus, we can conclude that, Capitalist Economy has limited control of government

Mahi Patil answered Mar 04, 2020
A] It controlled Government
b] 50%-Government, 50%- Private
c] It is private or Government
 That's why option B is right

Richa Agrawal answered Apr 27, 2020
The answer is 'B' as in capitalist economy the producers are the private owners of the nation's resources &there is no interference of government in it.

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