Practicing Success

Target Exam

CUET

Subject

Sociology

Chapter

Social Change and Development in India: Structural Change

Question:
_________is an economic system in which the means of production are privately owned and organised to accumulate profits within a market system.
Options:
Socialism
Liberalism
Capitalism
None of these
Correct Answer:
Capitalism
Explanation:
Capitalism is an economic system in which the means of production are privately owned and organised to accumulate profits within a market system