wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A system where private businesses make economic decisions regarding investment decisions, production decisions and distribution of output is:

A
Socialistic Economy
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Communism
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Both a & b
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Capitalistic economy
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D Capitalistic economy
In capitalist economy, the forms of equity are owned by private investors for the generation of their own wealth, they are involved in all type of decisions related to economics for their business so that the business can progress to another level.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Profitability Ratios
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon