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In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making? -

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Question

In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?

Options

  • Capitalist

  • Socialist

  • Mixed

  • Global

MCQ

Solution

Capitalist

shaalaa.com
Introduction to Indian Economy 1950-1990
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