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In which among the following system the ‘right to property’ exists
- a)Mixed economy
- b)Capitalist economy
- c)Socialist economy
- d)Traditional economy
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
In which among the following system the ‘right to property&rsquo...
Capitalism is an economic system in which all the means of production are owned and controlled by private individuals for profit . The right of private property means that productive factors such as land , factories, machinery, mines etc are under private ownership. The owners of these factors are free to use them in the manner they like. Thus option B is correct.
Most Upvoted Answer
In which among the following system the ‘right to property&rsquo...
B... coz Under capitalist economy, the factors of production like labor, land, capital and organization are privately owned. Private property is protected, controlled and enforced by law. Individuals have the right to own property and also free to use it as they like.
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In which among the following system the ‘right to property&rsquo...
The question is incomplete and does not provide options to choose from. Please provide more information or options to answer the question.
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In which among the following system the ‘right to property’ existsa)Mixed economyb)Capitalist economyc)Socialist economyd)Traditional economyCorrect answer is option 'B'. Can you explain this answer?
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