Advertisements
Advertisements
प्रश्न
Read the given passage carefully and answer the question that follows:
"The collapse of communism was followed in most of these countries by a painful process of transition from an authoritarian socialist system to a democratic capitalist system. The model of transition in Russia, Central Asia and east Europe that was influenced by the World Bank and the IMF came to be known as 'shock therapy'. Shock therapy varied in intensity and speed amongst the Second World countries, but its direction and features were quite similar."
Which one of the following countries was popular for its democratic capitalist system?
विकल्प
United States of America
Russia
Cuba
East Germany
उत्तर
United States of America
Explanation:
Democratic capitalism, sometimes referred to as capitalist democracy, is an ideology and political, economic, and social system founded on a three-tiered market-based economy that is primarily centered on a democratic polity.
