CA Foundation Exam  >  CA Foundation Questions  >  Inequalities of income do not perpetuate in _... Start Learning for Free
 Inequalities of income do not perpetuate in _________.
  • a)
    Socialism 
  • b)
    Mixed Economy 
  • c)
    Capitalism 
  • d)
    None 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Inequalities of income do not perpetuate in _________.a)Socialismb)Mix...
Explanation:


Inequalities of income refer to the differences in the income levels of individuals within a society. These income disparities can be perpetuated or reduced depending on the economic system in place.

Capitalism:


Capitalism is an economic system in which private individuals or businesses own and operate the means of production. In such a system, the pursuit of profit is the primary motive, and competition drives economic growth. In capitalism, inequalities of income are likely to perpetuate or even widen, as those who own the means of production have the ability to accumulate more wealth than those who do not.

Mixed Economy:


A mixed economy is an economic system that combines elements of both capitalism and socialism. In a mixed economy, the government regulates and controls certain industries, while others are left to the free market. Inequalities of income can persist in a mixed economy, depending on the level of government intervention in the economy.

Socialism:


Socialism is an economic system in which the means of production are owned and controlled by the state or by the community as a whole. In such a system, the goal is to distribute wealth and resources more equally among all members of society. Inequalities of income are less likely to perpetuate in socialism, as the state aims to provide basic needs and services for all members of society.

Conclusion:


Thus, it can be concluded that inequalities of income are less likely to perpetuate in socialism, as the state aims to provide basic needs and services for all members of society.
Community Answer
Inequalities of income do not perpetuate in _________.a)Socialismb)Mix...
Bcoz socialism means government rule and regulations than government things about everyone than he give equal income to everyone
Explore Courses for CA Foundation exam
Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer?
Question Description
Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Inequalities of income do not perpetuate in _________.a)Socialismb)Mixed Economyc)Capitalismd)NoneCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev