CLAT Sample Paper CLAT Sample Paper-1

  • question_answer
    The basic characteristic of a capitalist economy is

    A)  full employment

    B)  the private ownership of the means of production

    C)  absence of monopoly

    D)  large scale production in primary industries

    Correct Answer: B

    Solution :

    The capitalist economy is an economy based on the principle of private ownership of means of production and to earn profit is the moto of the system.


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