Question

In the capitalist economy Factors of Production is owned by?

• A. State
• B. Private Sector
• C. Public Sector

Answer 1

The correct option is B Private Sector

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> In Capitalist economy Factors of production are owned by Private sector while in Socialist economy State owns factors of production.