What is the main characteristic of a capitalist economy?
In a socialist economy, resources are:
Which economy combines features of both capitalism and socialism?
What drives production decisions in a capitalist economy?
In a socialist economy, the primary goal is:
A mixed economy allows:
In a capitalist economy, who owns the means of production?
Which economy is characterized by government ownership of all major industries?
The USA is an example of a:
India is an example of a:
What is the primary motive in a capitalist economy?
Which economy ensures that no one owns private property?
In a mixed economy, what determines the allocation of resources?
A capitalist economy is also referred to as:
Which type of economy relies heavily on central planning?
In a mixed economy, which sector is responsible for infrastructure development?
What is a major disadvantage of a capitalist economy?
In a socialist economy, who decides what to produce?
Which economy prioritizes consumer sovereignty?
A mixed economy encourages:
What is the primary focus of a socialist economy?
Which type of economy is most suitable for promoting innovation?
What is a key feature of a mixed economy?
In a socialist economy, wealth is distributed based on:
Which type of economy uses prices as a signal for resource allocation?
What is a disadvantage of a socialist economy?
Which economy allows for individual freedom and government intervention?
What determines wages in a capitalist economy?
Which type of economy relies on traditions and customs for decision-making?
What is a major advantage of a capitalist economy?
Which type of economy often leads to monopolies?