Match the following:
| 1. | Capitalism | A. | Government take control of the economic activities |
| 2. | Socialism | B. | Both govt and market forces influence demand and supply |
| 3. | Mixed Economy | C. | Control of everything is in one hand |
| 4. | Monarchy | D. | Market forces determines demand and supply |
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: 1-D, 2-A, 3-B, 4-C
| 1. | Capitalism | D.Market forces determines demand and supply | |
| 2. | Socialism | A.Government take control of the economic activities | |
| 3. | Mixed Economy | B.Both govt and market forces influence demand and supply | |
| 4. | Monarchy | C.Control of everything is in one hand | |