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Which of the following statements best describes Anarcho-capitalism?
  • a)
    It emphasizes the importance of individual rights and limited government intervention.
  • b)
    Individuals agree to form a society and abide by certain rules for mutual benefit and protection.
  • c)
    It combines elements of anarchism, which opposes government authority, with capitalism, which supports private ownership and free markets.
  • d)
    It advocates for a classless society where the means of production are collectively owned
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following statements best describes Anarcho-capitalism?a)...
  • Anarcho-capitalism: The term was coined by American economist Murray Rothbard, while Belgian economist Gustave de Molinari is considered to be the first anarcho-capitalist.
  • Anarcho-capitalism is a political and economic philosophy that advocates for the elimination of government intervention in economic and social affairs.
  • It combines elements of anarchism, which opposes government authority, with capitalism, which supports private ownership and free markets.
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Which of the following statements best describes Anarcho-capitalism?a)It emphasizes the importance of individual rights and limited government intervention.b)Individuals agree to form a society and abide by certain rules for mutual benefit and protection.c)It combines elements of anarchism, which opposes government authority, with capitalism, which supports private ownership and free markets.d)It advocates for a classless society where the means of production are collectively ownedCorrect answer is option 'C'. Can you explain this answer?
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Which of the following statements best describes Anarcho-capitalism?a)It emphasizes the importance of individual rights and limited government intervention.b)Individuals agree to form a society and abide by certain rules for mutual benefit and protection.c)It combines elements of anarchism, which opposes government authority, with capitalism, which supports private ownership and free markets.d)It advocates for a classless society where the means of production are collectively ownedCorrect 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 Which of the following statements best describes Anarcho-capitalism?a)It emphasizes the importance of individual rights and limited government intervention.b)Individuals agree to form a society and abide by certain rules for mutual benefit and protection.c)It combines elements of anarchism, which opposes government authority, with capitalism, which supports private ownership and free markets.d)It advocates for a classless society where the means of production are collectively ownedCorrect 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 Which of the following statements best describes Anarcho-capitalism?a)It emphasizes the importance of individual rights and limited government intervention.b)Individuals agree to form a society and abide by certain rules for mutual benefit and protection.c)It combines elements of anarchism, which opposes government authority, with capitalism, which supports private ownership and free markets.d)It advocates for a classless society where the means of production are collectively ownedCorrect answer is option 'C'. Can you explain this answer?.
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