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Question
Which of the following option is correct?
Options
The capitalist model of development refers to the strategies in which the private sectors are prioritized in place of social welfare.
Socialist model of development aims at public sector and planning to establish egalitarian society.
Both the capitalist model of development refers to the strategies in which the private sectors are prioritized in place of social welfare & socialist model of development aims at the public sector and planning to establish an egalitarian society.
Neither the capitalist model of development refers to the strategies in which the private sectors are prioritized in place of social welfare nor a socialist model of development aims at the public sector and planning to establish an egalitarian society.
Solution
Both the capitalist model of development refers to the strategies in which the private sectors are prioritized in place of social welfare & socialist model of development aims at the public sector and planning to establish an egalitarian society.
Explanation:
The capitalist model of development refers to methods that prioritize the private sector over social welfare, whereas the socialist model of development focuses on the public sector and planning in order to create an egalitarian society.
