MyQuestionIcon

4

You visited us 4 times! Enjoying our articles? Unlock Full Access!

Growth of Capitalism and Colonies

Private owner...

Question

Private owners of country X control the industries and the trade for their own benefit. This is referred to as ___.

A

Imperialism

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Capitalism

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Colonialism

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Trade

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Capitalism
‘Capitalism’ refers to the economic and political system in which a country's trade and industry are controlled by private owners for their own profit, rather than by the state.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Private owners of country X control the industries and the trade for their own benefit. This is referred to as ___.

Q. Which of the following elements controls trade and industry of a country in capitalism?

Q. Which of these political systems allows private owners to promote the country's trade and economy rather than having it run by the state?

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

Q. industries are jointly owned by the government and the private sector.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Quest for Colonies and Monopolised Capitalism

HISTORY

Watch in App

explore_more_icon

Explore more

Growth of Capitalism and Colonies

Standard X History

Join BYJU'S Learning Program

CrossIcon