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Naxalism

Which ideolog...

Question

Which ideology is based on private ownership of the means of production?

A

Socialist

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B

Imperialist

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C

Capitalist

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D

Communist

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Solution

The correct option is A Capitalist
Capitalism is based on private ownership of the means of production. Capitalists themselves determine what is to be produced and who is to be given a share of the produce. At the same time, it is also debated that capitalism distributes wealth and power in an unfair and exploitative manner.

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