Practicing Success
Which of the following are true? a) In a country where income disparity i.e. gap in income between rich and poor people is large, it is good to have a capitalist economy. b) In a capitalist economy government takes the responsibility of providing necessary goods and services to people. |
both a and b are true a is true, b is not b is true, a is not both a and b are false |
both a and b are false |
In a capitalist economy government does not play a role in providing necessary goods and services to people thus its not a suitable system for a country with large income disparity. Adopting capitalistic principles will lead to increase in income disparity. |