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Which of the following is not correct about capitalistic system—
  • a)
    Too much of waste due to cut throat competition
  • b)
    There is right of private property.
  • c)
    Conditions are not favourable for equitable distribution of wealth.
  • d)
    There is central planning authority.
Correct answer is option 'D'. Can you explain this answer?
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Which of the following is not correct about capitalistic system—...


One common criticism of capitalism is that it can lead to income inequality, which can result in social and economic problems. Another criticism is that capitalism can promote short-term thinking and a focus on profits over other important considerations, such as environmental protection or social welfare. However, these criticisms are subjective and debatable. It is up to individuals to form their own opinions about the strengths and weaknesses of capitalism as a system.
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Which of the following is not correct about capitalistic system—...
D, becoz the central planning authority are done in socialist economy
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Which of the following is not correct about capitalistic system—a)Too much of waste due to cut throat competitionb)There is right of private property.c)Conditions are not favourable for equitable distribution of wealth.d)There is central planning authority.Correct answer is option 'D'. Can you explain this answer?
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Which of the following is not correct about capitalistic system—a)Too much of waste due to cut throat competitionb)There is right of private property.c)Conditions are not favourable for equitable distribution of wealth.d)There is central planning authority.Correct answer is option 'D'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Which of the following is not correct about capitalistic system—a)Too much of waste due to cut throat competitionb)There is right of private property.c)Conditions are not favourable for equitable distribution of wealth.d)There is central planning authority.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not correct about capitalistic system—a)Too much of waste due to cut throat competitionb)There is right of private property.c)Conditions are not favourable for equitable distribution of wealth.d)There is central planning authority.Correct answer is option 'D'. Can you explain this answer?.
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