CAPF AC 2011 PYQ with Answer — In which of the following types of economy are the factors of product… | UPSC One

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CAPF AC 2011 · Paper I: General Ability and IntelligenceQ102

Back to the full 2011 paper

2011 · Q102

In which of the following types of economy are the factors of production owned individually?

indian-polity-economyeconomy-fundamentals

ACapitalist
BSocialist
CMixed
DBoth socialist and capitalist

Explanation

In a capitalist economy the factors of production are owned individually (privately).

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