The interference of the government is very limited in—a)Socialist economyb)Capitalist economyc)Mixed economyd)All the above.Correct answer is option 'B'. Can you explain this answer?

Question

The interference of the government is very limited in&mdash;a)Socialist economyb)Capitalist economyc)Mixed economyd)All the above.Correct answer is option 'B'. Can you explain this answer?

Answer

Answer is capitalist Economy. Becoz it is under private control.so there is less interference of government

Answer

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

Answer

Answer is B

Answer

A capitalist economy. The government's role is mainly to enforce laws and regulations to ensure fair competition and protect consumers. It also provides public goods and services such as education, infrastructure, and national defense. However, in general, the government does not intervene in the market's pricing or production decisions, allowing businesses to operate freely without significant interference. The idea is that a competitive market will naturally balance itself, and government intervention should be minimized to maintain economic efficiency and promote innovation.

Answer

Because has a central authority to solve there central problems and very limited interference of govs

Answer

B. capitalist economy

Answer

Capitalist economy

Answer

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.

Answer

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.

Answer

B

Answer

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

Answer

Capitalist economy...because in this only private sector run ..

Answer

A] It controlled Government

b] 50%-Government, 50%- Private

c] It is private or Government

That's why option B is right

Answer

In the Capitalist economy, there is less interference goverment, because it run by private sector viz.., public.But while socialist economy it is wholly run by the the Government.

And Mixed is the combination of both. So the answer is 'B'.

Answer

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.

Answer

B is correct answer because in capitalist economy most of the business are owned by private companies not by government so there is very limited interference

Answer

Consumer

Similar CA Foundation Doubts

The economy in which the government allows freedom of action of all economic units is essentially—

Socialist Economy is also known as

Which economy is now a myth only, as no country in the world is having that type of economy?

Consumers and produces make their choices based on the market forces of demand and supply in—

India is a __________.

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