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Read the passage carefully and answer the questions that follow:Socialism stands for an organization of society, and more especially for an economic organization, radically opposed to, and differing from, the organization which prevails to-day. Capitalism in its present form is a comparatively modern phenomenon, owing its origin historically to the dissolution of the feudal system. The immediate causes of its accelerated development were the rapid invention of new kinds of machinery, and more especially that of steam as a motor power, which together inaugurated a revolution in the methods of production generally. Production on a small scale gave way to production on a large scale. The independent weavers, for example, each with his own loom, were wholly unable to compete with the mechanisms of the new factory; their looms, by being superseded, were virtually taken away from them; and these men, formerly their own masters, working with their own implements, and living by the sale of their own individual products, were compelled to pass under the sway of a novel class, the capitalists. Such was the rise of the capitalistic system; and when once it had been adequately organized, as it first was, in England, it proceeded to spread itself with astonishing rapidity, all other methods disappearing before it, through their own comparative inefficiency.When socialists turn from capitalism to socialism, and speak of how socialism has risen and spread likewise, their language, as thus applied, has no meaning whatever unless it is interpreted in a totally new sense. Capitalism rose and spread as an actual working system, which multiplied and improved the material appliances of life in a manner beyond the reach of the older system displaced by it. Socialism, on the other hand, has risen and spread thus far, not as a system which is threatening to supersede capitalism by its actual success as an alternative system of production, but merely as a theory or belief that such an alternative is possible. Socialism has produced resolutions at endless public meetings; it has produced discontent and strikes; it has hampered production constantly. But socialism has never inaugurated an improved chemical process; it has never bridged an estuary or built an ocean liner; it has never produced or cheapened so much as a lamp or a frying-pan. It is a theory that such things could be accomplished by the practical application of its principles; but it is thus far a theory only, and it is as a theory only that we can examine it.Q.What is the main point of the author is trying to make?a)Socialism provides no tangible gains to efficiency and hence currently it is not a working economic modelb)Socialism, as long as it does not provide any economic justification for its propagation, would remain an economic model only on paper as opposed to Capitalism which spread as a working economic modelc)Capitalism spread by improving the efficiency of production and replacing less efficient economic systems while Socialism spread as alternative to capitalism without actually providing any tangible gains in efficiencyd)Capitalism spread because of the efficiency gains provided by the Industrial Revolution. Socialism, on the other hand, is more of an intellectual pursuit of people dissatisfied with the working conditions of labour post the industrial revolutionCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Read the passage carefully and answer the questions that follow:Socialism stands for an organization of society, and more especially for an economic organization, radically opposed to, and differing from, the organization which prevails to-day. Capitalism in its present form is a comparatively modern phenomenon, owing its origin historically to the dissolution of the feudal system. The immediate causes of its accelerated development were the rapid invention of new kinds of machinery, and more especially that of steam as a motor power, which together inaugurated a revolution in the methods of production generally. Production on a small scale gave way to production on a large scale. The independent weavers, for example, each with his own loom, were wholly unable to compete with the mechanisms of the new factory; their looms, by being superseded, were virtually taken away from them; and these men, formerly their own masters, working with their own implements, and living by the sale of their own individual products, were compelled to pass under the sway of a novel class, the capitalists. Such was the rise of the capitalistic system; and when once it had been adequately organized, as it first was, in England, it proceeded to spread itself with astonishing rapidity, all other methods disappearing before it, through their own comparative inefficiency.When socialists turn from capitalism to socialism, and speak of how socialism has risen and spread likewise, their language, as thus applied, has no meaning whatever unless it is interpreted in a totally new sense. Capitalism rose and spread as an actual working system, which multiplied and improved the material appliances of life in a manner beyond the reach of the older system displaced by it. Socialism, on the other hand, has risen and spread thus far, not as a system which is threatening to supersede capitalism by its actual success as an alternative system of production, but merely as a theory or belief that such an alternative is possible. Socialism has produced resolutions at endless public meetings; it has produced discontent and strikes; it has hampered production constantly. But socialism has never inaugurated an improved chemical process; it has never bridged an estuary or built an ocean liner; it has never produced or cheapened so much as a lamp or a frying-pan. It is a theory that such things could be accomplished by the practical application of its principles; but it is thus far a theory only, and it is as a theory only that we can examine it.Q.What is the main point of the author is trying to make?a)Socialism provides no tangible gains to efficiency and hence currently it is not a working economic modelb)Socialism, as long as it does not provide any economic justification for its propagation, would remain an economic model only on paper as opposed to Capitalism which spread as a working economic modelc)Capitalism spread by improving the efficiency of production and replacing less efficient economic systems while Socialism spread as alternative to capitalism without actually providing any tangible gains in efficiencyd)Capitalism spread because of the efficiency gains provided by the Industrial Revolution. Socialism, on the other hand, is more of an intellectual pursuit of people dissatisfied with the working conditions of labour post the industrial revolutionCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the passage carefully and answer the questions that follow:Socialism stands for an organization of society, and more especially for an economic organization, radically opposed to, and differing from, the organization which prevails to-day. Capitalism in its present form is a comparatively modern phenomenon, owing its origin historically to the dissolution of the feudal system. The immediate causes of its accelerated development were the rapid invention of new kinds of machinery, and more especially that of steam as a motor power, which together inaugurated a revolution in the methods of production generally. Production on a small scale gave way to production on a large scale. The independent weavers, for example, each with his own loom, were wholly unable to compete with the mechanisms of the new factory; their looms, by being superseded, were virtually taken away from them; and these men, formerly their own masters, working with their own implements, and living by the sale of their own individual products, were compelled to pass under the sway of a novel class, the capitalists. Such was the rise of the capitalistic system; and when once it had been adequately organized, as it first was, in England, it proceeded to spread itself with astonishing rapidity, all other methods disappearing before it, through their own comparative inefficiency.When socialists turn from capitalism to socialism, and speak of how socialism has risen and spread likewise, their language, as thus applied, has no meaning whatever unless it is interpreted in a totally new sense. Capitalism rose and spread as an actual working system, which multiplied and improved the material appliances of life in a manner beyond the reach of the older system displaced by it. Socialism, on the other hand, has risen and spread thus far, not as a system which is threatening to supersede capitalism by its actual success as an alternative system of production, but merely as a theory or belief that such an alternative is possible. Socialism has produced resolutions at endless public meetings; it has produced discontent and strikes; it has hampered production constantly. But socialism has never inaugurated an improved chemical process; it has never bridged an estuary or built an ocean liner; it has never produced or cheapened so much as a lamp or a frying-pan. It is a theory that such things could be accomplished by the practical application of its principles; but it is thus far a theory only, and it is as a theory only that we can examine it.Q.What is the main point of the author is trying to make?a)Socialism provides no tangible gains to efficiency and hence currently it is not a working economic modelb)Socialism, as long as it does not provide any economic justification for its propagation, would remain an economic model only on paper as opposed to Capitalism which spread as a working economic modelc)Capitalism spread by improving the efficiency of production and replacing less efficient economic systems while Socialism spread as alternative to capitalism without actually providing any tangible gains in efficiencyd)Capitalism spread because of the efficiency gains provided by the Industrial Revolution. Socialism, on the other hand, is more of an intellectual pursuit of people dissatisfied with the working conditions of labour post the industrial revolutionCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Read the passage carefully and answer the questions that follow:Socialism stands for an organization of society, and more especially for an economic organization, radically opposed to, and differing from, the organization which prevails to-day. Capitalism in its present form is a comparatively modern phenomenon, owing its origin historically to the dissolution of the feudal system. The immediate causes of its accelerated development were the rapid invention of new kinds of machinery, and more especially that of steam as a motor power, which together inaugurated a revolution in the methods of production generally. Production on a small scale gave way to production on a large scale. The independent weavers, for example, each with his own loom, were wholly unable to compete with the mechanisms of the new factory; their looms, by being superseded, were virtually taken away from them; and these men, formerly their own masters, working with their own implements, and living by the sale of their own individual products, were compelled to pass under the sway of a novel class, the capitalists. Such was the rise of the capitalistic system; and when once it had been adequately organized, as it first was, in England, it proceeded to spread itself with astonishing rapidity, all other methods disappearing before it, through their own comparative inefficiency.When socialists turn from capitalism to socialism, and speak of how socialism has risen and spread likewise, their language, as thus applied, has no meaning whatever unless it is interpreted in a totally new sense. Capitalism rose and spread as an actual working system, which multiplied and improved the material appliances of life in a manner beyond the reach of the older system displaced by it. Socialism, on the other hand, has risen and spread thus far, not as a system which is threatening to supersede capitalism by its actual success as an alternative system of production, but merely as a theory or belief that such an alternative is possible. Socialism has produced resolutions at endless public meetings; it has produced discontent and strikes; it has hampered production constantly. But socialism has never inaugurated an improved chemical process; it has never bridged an estuary or built an ocean liner; it has never produced or cheapened so much as a lamp or a frying-pan. It is a theory that such things could be accomplished by the practical application of its principles; but it is thus far a theory only, and it is as a theory only that we can examine it.Q.What is the main point of the author is trying to make?a)Socialism provides no tangible gains to efficiency and hence currently it is not a working economic modelb)Socialism, as long as it does not provide any economic justification for its propagation, would remain an economic model only on paper as opposed to Capitalism which spread as a working economic modelc)Capitalism spread by improving the efficiency of production and replacing less efficient economic systems while Socialism spread as alternative to capitalism without actually providing any tangible gains in efficiencyd)Capitalism spread because of the efficiency gains provided by the Industrial Revolution. Socialism, on the other hand, is more of an intellectual pursuit of people dissatisfied with the working conditions of labour post the industrial revolutionCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of Read the passage carefully and answer the questions that follow:Socialism stands for an organization of society, and more especially for an economic organization, radically opposed to, and differing from, the organization which prevails to-day. Capitalism in its present form is a comparatively modern phenomenon, owing its origin historically to the dissolution of the feudal system. The immediate causes of its accelerated development were the rapid invention of new kinds of machinery, and more especially that of steam as a motor power, which together inaugurated a revolution in the methods of production generally. Production on a small scale gave way to production on a large scale. The independent weavers, for example, each with his own loom, were wholly unable to compete with the mechanisms of the new factory; their looms, by being superseded, were virtually taken away from them; and these men, formerly their own masters, working with their own implements, and living by the sale of their own individual products, were compelled to pass under the sway of a novel class, the capitalists. Such was the rise of the capitalistic system; and when once it had been adequately organized, as it first was, in England, it proceeded to spread itself with astonishing rapidity, all other methods disappearing before it, through their own comparative inefficiency.When socialists turn from capitalism to socialism, and speak of how socialism has risen and spread likewise, their language, as thus applied, has no meaning whatever unless it is interpreted in a totally new sense. Capitalism rose and spread as an actual working system, which multiplied and improved the material appliances of life in a manner beyond the reach of the older system displaced by it. Socialism, on the other hand, has risen and spread thus far, not as a system which is threatening to supersede capitalism by its actual success as an alternative system of production, but merely as a theory or belief that such an alternative is possible. Socialism has produced resolutions at endless public meetings; it has produced discontent and strikes; it has hampered production constantly. But socialism has never inaugurated an improved chemical process; it has never bridged an estuary or built an ocean liner; it has never produced or cheapened so much as a lamp or a frying-pan. It is a theory that such things could be accomplished by the practical application of its principles; but it is thus far a theory only, and it is as a theory only that we can examine it.Q.What is the main point of the author is trying to make?a)Socialism provides no tangible gains to efficiency and hence currently it is not a working economic modelb)Socialism, as long as it does not provide any economic justification for its propagation, would remain an economic model only on paper as opposed to Capitalism which spread as a working economic modelc)Capitalism spread by improving the efficiency of production and replacing less efficient economic systems while Socialism spread as alternative to capitalism without actually providing any tangible gains in efficiencyd)Capitalism spread because of the efficiency gains provided by the Industrial Revolution. Socialism, on the other hand, is more of an intellectual pursuit of people dissatisfied with the working conditions of labour post the industrial revolutionCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the passage carefully and answer the questions that follow:Socialism stands for an organization of society, and more especially for an economic organization, radically opposed to, and differing from, the organization which prevails to-day. Capitalism in its present form is a comparatively modern phenomenon, owing its origin historically to the dissolution of the feudal system. The immediate causes of its accelerated development were the rapid invention of new kinds of machinery, and more especially that of steam as a motor power, which together inaugurated a revolution in the methods of production generally. Production on a small scale gave way to production on a large scale. The independent weavers, for example, each with his own loom, were wholly unable to compete with the mechanisms of the new factory; their looms, by being superseded, were virtually taken away from them; and these men, formerly their own masters, working with their own implements, and living by the sale of their own individual products, were compelled to pass under the sway of a novel class, the capitalists. Such was the rise of the capitalistic system; and when once it had been adequately organized, as it first was, in England, it proceeded to spread itself with astonishing rapidity, all other methods disappearing before it, through their own comparative inefficiency.When socialists turn from capitalism to socialism, and speak of how socialism has risen and spread likewise, their language, as thus applied, has no meaning whatever unless it is interpreted in a totally new sense. Capitalism rose and spread as an actual working system, which multiplied and improved the material appliances of life in a manner beyond the reach of the older system displaced by it. Socialism, on the other hand, has risen and spread thus far, not as a system which is threatening to supersede capitalism by its actual success as an alternative system of production, but merely as a theory or belief that such an alternative is possible. Socialism has produced resolutions at endless public meetings; it has produced discontent and strikes; it has hampered production constantly. But socialism has never inaugurated an improved chemical process; it has never bridged an estuary or built an ocean liner; it has never produced or cheapened so much as a lamp or a frying-pan. It is a theory that such things could be accomplished by the practical application of its principles; but it is thus far a theory only, and it is as a theory only that we can examine it.Q.What is the main point of the author is trying to make?a)Socialism provides no tangible gains to efficiency and hence currently it is not a working economic modelb)Socialism, as long as it does not provide any economic justification for its propagation, would remain an economic model only on paper as opposed to Capitalism which spread as a working economic modelc)Capitalism spread by improving the efficiency of production and replacing less efficient economic systems while Socialism spread as alternative to capitalism without actually providing any tangible gains in efficiencyd)Capitalism spread because of the efficiency gains provided by the Industrial Revolution. Socialism, on the other hand, is more of an intellectual pursuit of people dissatisfied with the working conditions of labour post the industrial revolutionCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Read the passage carefully and answer the questions that follow:Socialism stands for an organization of society, and more especially for an economic organization, radically opposed to, and differing from, the organization which prevails to-day. Capitalism in its present form is a comparatively modern phenomenon, owing its origin historically to the dissolution of the feudal system. The immediate causes of its accelerated development were the rapid invention of new kinds of machinery, and more especially that of steam as a motor power, which together inaugurated a revolution in the methods of production generally. Production on a small scale gave way to production on a large scale. The independent weavers, for example, each with his own loom, were wholly unable to compete with the mechanisms of the new factory; their looms, by being superseded, were virtually taken away from them; and these men, formerly their own masters, working with their own implements, and living by the sale of their own individual products, were compelled to pass under the sway of a novel class, the capitalists. Such was the rise of the capitalistic system; and when once it had been adequately organized, as it first was, in England, it proceeded to spread itself with astonishing rapidity, all other methods disappearing before it, through their own comparative inefficiency.When socialists turn from capitalism to socialism, and speak of how socialism has risen and spread likewise, their language, as thus applied, has no meaning whatever unless it is interpreted in a totally new sense. Capitalism rose and spread as an actual working system, which multiplied and improved the material appliances of life in a manner beyond the reach of the older system displaced by it. Socialism, on the other hand, has risen and spread thus far, not as a system which is threatening to supersede capitalism by its actual success as an alternative system of production, but merely as a theory or belief that such an alternative is possible. Socialism has produced resolutions at endless public meetings; it has produced discontent and strikes; it has hampered production constantly. But socialism has never inaugurated an improved chemical process; it has never bridged an estuary or built an ocean liner; it has never produced or cheapened so much as a lamp or a frying-pan. It is a theory that such things could be accomplished by the practical application of its principles; but it is thus far a theory only, and it is as a theory only that we can examine it.Q.What is the main point of the author is trying to make?a)Socialism provides no tangible gains to efficiency and hence currently it is not a working economic modelb)Socialism, as long as it does not provide any economic justification for its propagation, would remain an economic model only on paper as opposed to Capitalism which spread as a working economic modelc)Capitalism spread by improving the efficiency of production and replacing less efficient economic systems while Socialism spread as alternative to capitalism without actually providing any tangible gains in efficiencyd)Capitalism spread because of the efficiency gains provided by the Industrial Revolution. Socialism, on the other hand, is more of an intellectual pursuit of people dissatisfied with the working conditions of labour post the industrial revolutionCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Read the passage carefully and answer the questions that follow:Socialism stands for an organization of society, and more especially for an economic organization, radically opposed to, and differing from, the organization which prevails to-day. Capitalism in its present form is a comparatively modern phenomenon, owing its origin historically to the dissolution of the feudal system. The immediate causes of its accelerated development were the rapid invention of new kinds of machinery, and more especially that of steam as a motor power, which together inaugurated a revolution in the methods of production generally. Production on a small scale gave way to production on a large scale. The independent weavers, for example, each with his own loom, were wholly unable to compete with the mechanisms of the new factory; their looms, by being superseded, were virtually taken away from them; and these men, formerly their own masters, working with their own implements, and living by the sale of their own individual products, were compelled to pass under the sway of a novel class, the capitalists. Such was the rise of the capitalistic system; and when once it had been adequately organized, as it first was, in England, it proceeded to spread itself with astonishing rapidity, all other methods disappearing before it, through their own comparative inefficiency.When socialists turn from capitalism to socialism, and speak of how socialism has risen and spread likewise, their language, as thus applied, has no meaning whatever unless it is interpreted in a totally new sense. Capitalism rose and spread as an actual working system, which multiplied and improved the material appliances of life in a manner beyond the reach of the older system displaced by it. Socialism, on the other hand, has risen and spread thus far, not as a system which is threatening to supersede capitalism by its actual success as an alternative system of production, but merely as a theory or belief that such an alternative is possible. Socialism has produced resolutions at endless public meetings; it has produced discontent and strikes; it has hampered production constantly. But socialism has never inaugurated an improved chemical process; it has never bridged an estuary or built an ocean liner; it has never produced or cheapened so much as a lamp or a frying-pan. It is a theory that such things could be accomplished by the practical application of its principles; but it is thus far a theory only, and it is as a theory only that we can examine it.Q.What is the main point of the author is trying to make?a)Socialism provides no tangible gains to efficiency and hence currently it is not a working economic modelb)Socialism, as long as it does not provide any economic justification for its propagation, would remain an economic model only on paper as opposed to Capitalism which spread as a working economic modelc)Capitalism spread by improving the efficiency of production and replacing less efficient economic systems while Socialism spread as alternative to capitalism without actually providing any tangible gains in efficiencyd)Capitalism spread because of the efficiency gains provided by the Industrial Revolution. Socialism, on the other hand, is more of an intellectual pursuit of people dissatisfied with the working conditions of labour post the industrial revolutionCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the passage carefully and answer the questions that follow:Socialism stands for an organization of society, and more especially for an economic organization, radically opposed to, and differing from, the organization which prevails to-day. Capitalism in its present form is a comparatively modern phenomenon, owing its origin historically to the dissolution of the feudal system. The immediate causes of its accelerated development were the rapid invention of new kinds of machinery, and more especially that of steam as a motor power, which together inaugurated a revolution in the methods of production generally. Production on a small scale gave way to production on a large scale. The independent weavers, for example, each with his own loom, were wholly unable to compete with the mechanisms of the new factory; their looms, by being superseded, were virtually taken away from them; and these men, formerly their own masters, working with their own implements, and living by the sale of their own individual products, were compelled to pass under the sway of a novel class, the capitalists. Such was the rise of the capitalistic system; and when once it had been adequately organized, as it first was, in England, it proceeded to spread itself with astonishing rapidity, all other methods disappearing before it, through their own comparative inefficiency.When socialists turn from capitalism to socialism, and speak of how socialism has risen and spread likewise, their language, as thus applied, has no meaning whatever unless it is interpreted in a totally new sense. Capitalism rose and spread as an actual working system, which multiplied and improved the material appliances of life in a manner beyond the reach of the older system displaced by it. Socialism, on the other hand, has risen and spread thus far, not as a system which is threatening to supersede capitalism by its actual success as an alternative system of production, but merely as a theory or belief that such an alternative is possible. Socialism has produced resolutions at endless public meetings; it has produced discontent and strikes; it has hampered production constantly. But socialism has never inaugurated an improved chemical process; it has never bridged an estuary or built an ocean liner; it has never produced or cheapened so much as a lamp or a frying-pan. It is a theory that such things could be accomplished by the practical application of its principles; but it is thus far a theory only, and it is as a theory only that we can examine it.Q.What is the main point of the author is trying to make?a)Socialism provides no tangible gains to efficiency and hence currently it is not a working economic modelb)Socialism, as long as it does not provide any economic justification for its propagation, would remain an economic model only on paper as opposed to Capitalism which spread as a working economic modelc)Capitalism spread by improving the efficiency of production and replacing less efficient economic systems while Socialism spread as alternative to capitalism without actually providing any tangible gains in efficiencyd)Capitalism spread because of the efficiency gains provided by the Industrial Revolution. Socialism, on the other hand, is more of an intellectual pursuit of people dissatisfied with the working conditions of labour post the industrial revolutionCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.