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Consider the following statements regarding a purely capitalist economy: It is based on the policy of minimum governmental interference in the economic affairs of individuals. There is no restriction on the ownership of assets and accumulation of wealth. The goods produced are distributed among people on the basis of people's needs. The government coordinates the production decisions of the citizens. Which of the above statements are not correct?a)1 and 2 onlyb)1, 3 and 4 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. 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 regarding a purely capitalist economy: It is based on the policy of minimum governmental interference in the economic affairs of individuals. There is no restriction on the ownership of assets and accumulation of wealth. The goods produced are distributed among people on the basis of people's needs. The government coordinates the production decisions of the citizens. Which of the above statements are not correct?a)1 and 2 onlyb)1, 3 and 4 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. 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 regarding a purely capitalist economy: It is based on the policy of minimum governmental interference in the economic affairs of individuals. There is no restriction on the ownership of assets and accumulation of wealth. The goods produced are distributed among people on the basis of people's needs. The government coordinates the production decisions of the citizens. Which of the above statements are not correct?a)1 and 2 onlyb)1, 3 and 4 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer?.

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Here you can find the meaning of Consider the following statements regarding a purely capitalist economy: It is based on the policy of minimum governmental interference in the economic affairs of individuals. There is no restriction on the ownership of assets and accumulation of wealth. The goods produced are distributed among people on the basis of people's needs. The government coordinates the production decisions of the citizens. Which of the above statements are not correct?a)1 and 2 onlyb)1, 3 and 4 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding a purely capitalist economy: It is based on the policy of minimum governmental interference in the economic affairs of individuals. There is no restriction on the ownership of assets and accumulation of wealth. The goods produced are distributed among people on the basis of people's needs. The government coordinates the production decisions of the citizens. Which of the above statements are not correct?a)1 and 2 onlyb)1, 3 and 4 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements regarding a purely capitalist economy: It is based on the policy of minimum governmental interference in the economic affairs of individuals. There is no restriction on the ownership of assets and accumulation of wealth. The goods produced are distributed among people on the basis of people's needs. The government coordinates the production decisions of the citizens. Which of the above statements are not correct?a)1 and 2 onlyb)1, 3 and 4 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding a purely capitalist economy: It is based on the policy of minimum governmental interference in the economic affairs of individuals. There is no restriction on the ownership of assets and accumulation of wealth. The goods produced are distributed among people on the basis of people's needs. The government coordinates the production decisions of the citizens. Which of the above statements are not correct?a)1 and 2 onlyb)1, 3 and 4 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding a purely capitalist economy: It is based on the policy of minimum governmental interference in the economic affairs of individuals. There is no restriction on the ownership of assets and accumulation of wealth. The goods produced are distributed among people on the basis of people's needs. The government coordinates the production decisions of the citizens. Which of the above statements are not correct?a)1 and 2 onlyb)1, 3 and 4 onlyc)3 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.