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Importance Of Directive Principles

Which theory ...

Question

Which theory believes in public ownership or control of property and natural resources?

A

Capitalism

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B

Luddism

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C

Socialism

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D

Laissez-Faire

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Solution

The correct option is C Socialism
Socialism, the social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another.

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