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Consider the following statements ‘Capitalist economies’:1. In the capitalist economies of the time, all the basic goods and services were part of the market mechanism, i.e., being produced and supplied by the private sector.2. Almost everything required by the people was supplied by private enterprises via the market.3. It strengthens the purchasing power of the masses. Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements ‘Capitalist economies’:1. In the capitalist economies of the time, all the basic goods and services were part of the market mechanism, i.e., being produced and supplied by the private sector.2. Almost everything required by the people was supplied by private enterprises via the market.3. It strengthens the purchasing power of the masses. Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements ‘Capitalist economies’:1. In the capitalist economies of the time, all the basic goods and services were part of the market mechanism, i.e., being produced and supplied by the private sector.2. Almost everything required by the people was supplied by private enterprises via the market.3. It strengthens the purchasing power of the masses. Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements ‘Capitalist economies’:1. In the capitalist economies of the time, all the basic goods and services were part of the market mechanism, i.e., being produced and supplied by the private sector.2. Almost everything required by the people was supplied by private enterprises via the market.3. It strengthens the purchasing power of the masses. Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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