Advertisements
Advertisements
प्रश्न
In which one of the following types of economy are the factors of production owned individually?
विकल्प
Capitalist
Mixed
Socialist
None
उत्तर
Capitalist
Explanation:
Capitalism is an economic system in which capital goods are owned by private individuals or businesses. A market economy produces goods and services based on supply and demand in the general market, rather than through central planning, which is known as a planned economy or command economy.
APPEARS IN
संबंधित प्रश्न
Manufacturing
Which is a vital factor for the industry to be located closer to the raw material?
What is manufacturing?
Describe the factors that affect the location of industries.
Which sector of the economy accounted for the highest percentage of India’s total value of exports in 2003-2004?
How are technological innovations important aspects of modern manufacturing industries? Explain any three aspects in this regard.
In the year 2015, a policy was formulated for adolescents to give them proper guidance and the better development of their talent. Select the correct answer.
Which industry has a global market?
Which industry is located near raw materials?
Aluminium Industry is located near the source of ______.
Manufacturing Industry is considered in which Activities?
Which one of the following industries is a weight loose industry?
‘Manufacturing Industry’
Manufacturing literally means ‘to make by hand’. However, now it includes goods ’made by machines’. It is essentially a process that involves transforming raw materials into finished goods of higher value for sale in local or distant markets. Conceptually, an industry is a geographically located manufacturing unit maintaining books of accounts and records under a management system. As the term industry is comprehensive, it is also used as synonymous with ‘manufacturing’. When one uses terms like ‘steel industry’ and ‘chemical industry’, one thinks of factories and processes. But there are many secondary activities which are not carried on in factories such as what is now called the ‘entertainment industry and ‘Tourism industry’, etc. So for clarity, the longer expression ‘manufacturing industry’ is used.
- “Manufacturing involves value addition.” Explain with any one suitable example.
Consider the following and choose the correct option.
- Modern Industries require specialisation in skills.
- Research and development strategies have an important role in modern industries.
Which of the following factor does not influence industrial location?
Why is 'technological innovation' essential for industries? Explain.
Explain any five factors affecting the location of industries in the world.
Modern manufacturing is NOT characterised by which one of the following?
"Technological innovations through research and development strategy are an important aspect of modern manufacturing''. Analyse the statement.
Which one of the following pairs is correctly matched?
