MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Capitalism

The main moti...

Question

The main motive of __________ economy is to maximise social welfare.

A

Capitalist

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

B

Mixed

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

C

Socialist

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

D

Closed

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

Open in App

Solution

The correct option is C Socialist
The main motive of Socialist economy is to maximise social welfare.

Suggest Corrections

thumbs-up

0

Similar questions

Q. The main motive of producers is to maximise profit in ___ economy.

Q. In a ____________ economy, the producer operates with the objective of profit-maximisation.

Q. Autonomous investment is generally made by the __________ with a view to provide public utilities and to maximise social welfare.

Q. What is the main characteristic of a capitalist or free market economy?

Q. The angle between vectors

A

B

θ

. If we want to maximise

A^A \cdot B

, What can we do?
I. Maximise the magnitude of

A

.
II. Maximise the magnitude of

B

θ

90^{0}^A .

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Capitalism

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon