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Byju's Answer
Standard VI
Civics
Features of Communist Government
Private owner...
Question
Private ownership of resources leads to _______.
A
profit
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B
economic welfare
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C
exploitation
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D
equality
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Solution
The correct option is
C
exploitation
Private ownership of resources leads to exploitation. Ownership of resources gives the owners a lot of power.
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Q.
An example of private ownership of a resource from the following is ______________.
Q.
Communism is a political and economic system that aims to replace private property with public ownership.
Q.
is a political or economic system which demands public ownership and control of natural resources and property.
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?
Q.
Select the correct matching
(A) Liberalization
(1) Refers to partial or full transfer of ownership and control of PSUs to the private sector.
(B) Privatization
(2) Refers to relaxation of government's restriction in the scope of economic and social polices.
(C) Disinvestment
(3) Refers to a method of privatization, whereby part of shareholdings of a PSU is sold to the private sector.
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