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One of the important features of capitalist economy is—
- a)Economic planning
- b)Price mechanism
- c)Economic equalities
- d)Social welfare
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
One of the important features of capitalist economy is—a)Economi...
The private ownership of the means of production and the pursuit of profit as the primary motivation for economic activity. This means that individuals and businesses are free to own and use property, invest capital, and trade goods and services in a competitive market. This competition drives innovation, efficiency, and growth, as businesses seek to satisfy consumer demand and maximize profits. Additionally, the freedom to own and accumulate wealth creates incentives for individuals to work hard, take risks, and innovate, leading to increased productivity and economic prosperity. However, critics argue that capitalism can also lead to income inequality, exploitation of workers, and environmental degradation, and that government regulation and intervention may be necessary to address these issues.
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One of the important features of capitalist economy is—a)Economi...
Price mechanism
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One of the important features of capitalist economy is—a)Economic planningb)Price mechanismc)Economic equalitiesd)Social welfareCorrect answer is option 'B'. Can you explain this answer?
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One of the important features of capitalist economy is—a)Economic planningb)Price mechanismc)Economic equalitiesd)Social welfareCorrect answer is option 'B'. 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 One of the important features of capitalist economy is—a)Economic planningb)Price mechanismc)Economic equalitiesd)Social welfareCorrect answer is option 'B'. 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 One of the important features of capitalist economy is—a)Economic planningb)Price mechanismc)Economic equalitiesd)Social welfareCorrect answer is option 'B'. Can you explain this answer?.
One of the important features of capitalist economy is—a)Economic planningb)Price mechanismc)Economic equalitiesd)Social welfareCorrect answer is option 'B'. 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 One of the important features of capitalist economy is—a)Economic planningb)Price mechanismc)Economic equalitiesd)Social welfareCorrect answer is option 'B'. 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 One of the important features of capitalist economy is—a)Economic planningb)Price mechanismc)Economic equalitiesd)Social welfareCorrect answer is option 'B'. Can you explain this answer?.
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