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Socialism and Capitalism

is a politica...

Question

is a political or economic system which demands public ownership and control of natural resources and property.

A

Socialism

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B

Leninism

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C

Capitalism

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Solution

The correct option is A Socialism
Socialism is a political or economic system which demands public ownership and control of natural resources and property. It propagates cooperative living and is opposed to a profit-driven society.

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Q. In which of the following is the political and economic system of a country dependent on public ownership and control of natural resources and property?

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Q. Communism is a political and economic system that aims to replace private property with public ownership.

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Q. Choose the correct option after reading the statements below:

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