Capitalist production motivated by
Social Interest
Profit
Income Equality
Income inequality
In a socialist economy all decisions regarding production and distribution are taken by
Market forces
Central planning authority
Customs and traditions
Private sector
Consumer sovereignty exists under
Communism
Socialism
Capitalism
Mixed economy
Name the economic system that operates through price mechanism .
All the above
Who is the uncrowned king in Capitalism ?
Consumer
Producer
Both
Investor
Co existence of private and public sectors is an important feature of
Red tappism and corruption lead to
In efficiency of production
In equality of income and wealth
Absence of technology
Lack of development
Capitalist System developed first in
Japan
USA
England
France
In a traditional economy, basci problems are solved by
Traditions and customs
Producer and consumer
Market and producer
Producer and investor
Trial and error process is adopted
Capitalist system
Communist system
Socialist system
