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प्रश्न
In which one of the following types of economy are the factors of production owned individually?
पर्याय
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.
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