Question : When means of production are owned, controlled and operated by Private sector.
Option 1: Capitalist economy
Option 2: Socialist economy
Option 3: Mixed economy
Option 4: All of the above.
Answer (1)
25th Jan, 2024
Correct Answer:
Capitalist economy
Solution :
Capitalist economy is means of production are owned, controlled and operated by private sector.
Hence Option A is correct.
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