Which among the following is associated with State ownership ?

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ACapitalism

BSocialism

CCo-operation

DCommunism

Answer:

Socialism is associated with state ownership of the means of production, where the government controls or regulates key industries and resources to promote equal distribution of wealth and services.
Capitalism emphasizes private ownership.
Communism also involves state ownership, but to an extreme degree where all property is owned collectively, with no private ownership.
Co-operation refers to people working together, but it is not specifically linked to state ownership.

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What are the characteristics of the capitalist economy.Find out from the following:

i.Freedom for the entrepreneurs to produce any commodity

ii.Right to private property

iii.Motive for social welfare

iv.Transfer of wealth to legal heir

What are the Characteristics of Mixed Economy?.Find out from the following:

i.Existence of both private and public sectors.

ii.Economy works on the principle of planning

iii.Importance to welfare activities

iv.Existence of both freedom of private ownership of wealth

and economic control