C-10-Q087mediumsingle_mcq

Which of the following are characteristics of the capitalist economic system? i. Private ownership of factors of production ii. Production for maximum profit iii. Government ownership of all means of production Which of the following is correct?

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C-10-Q088In the socialist economic system, all assets including factors of production are under the:
C-10-Q089Socialism is described as the:
C-10-Q090In socialism, all production activity is conducted according to:
C-10-Q091The main aim of the socialist economic system is:
C-10-Q092In the socialist economy, basic decisions about which goods to produce and at what price are taken by the:
C-10-Q093The consumer's freedom in a socialist economy is:
C-10-Q094In the socialist economy, the rent from land and interest from capital is deposited in:
C-10-Q095Wages to labourers in a socialist economy are paid by the:

C-10-Q096