wiz-icon
MyQuestionIcon
MyQuestionIcon
19
You visited us 19 times! Enjoying our articles? Unlock Full Access!
Question

Q25. Which of the following statements are correct?

1. A mixed economy refers to market economy with strong regulatory oversight and governmental provision of public goods.

2. A socialist economic system is characterized by social ownership and democratic control of the means of production.

3. Capitalism is an economic system in which capital goods are owned by private individuals.

4. Marxian economics provided a foundation for capitalism.


A

a) Only 1 and 2

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

b) Only 2 and 3

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

c) Only 2, 3 and 4

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

d) Only 1, 2 and 3

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Join BYJU'S Learning Program
CrossIcon