Question

Capitalist economy is an economy under which private owner controls the resources for the sole motive of ____________.

• A. social welfare
• B. earning profit
• C. both of these
• D. none of these

Answer 1

The correct option is B earning profit

A capitalist economy is an economy under which private owner controls the resources for the sole motive of earning profit. Capitalism is the society system based on the individual’s right to own property and means of production. In this, the prices are determined by the free interaction of the forces of demand and supply. It is an automatic self-regulating mechanism which runs with the motive of profit.