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Question
Capitalism and socialism are ______________.
Capitalism and socialism are ______________.
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Solution
The correct option is D alternate forms of an economy
Capitalism and socialism is the basic study of mixed economy in a country where free market conditions drive innovation and wealth creation with freedom of choice to every centrally based economic problems by giving importance to social welfare of people and economy at both micro as well as macro level.
These two kind of economies are in contrast to each other as one aims at wealth generation in the economy whereas other aims at creation of welfare in the economy.
Therefore, they are regarded as alternate forms of an economy.
Capitalism and socialism is the basic study of mixed economy in a country where free market conditions drive innovation and wealth creation with freedom of choice to every centrally based economic problems by giving importance to social welfare of people and economy at both micro as well as macro level.
These two kind of economies are in contrast to each other as one aims at wealth generation in the economy whereas other aims at creation of welfare in the economy.
Therefore, they are regarded as alternate forms of an economy.
These two kind of economies are in contrast to each other as one aims at wealth generation in the economy whereas other aims at creation of welfare in the economy.
Therefore, they are regarded as alternate forms of an economy.
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