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Question 158Asked in DSSSB TGT Computer Science, 25 Jun 2023, Shift 1 (8:30 AM)

The ______ economic system is characterised by free markets and the absence of government intervention in the economy.

The ______ economic system is characterised by free markets and the absence of government intervention in the economy.
  1. Aprivate
  2. Bcapitalist
  3. Cpublic
  4. Dsocialist
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Correct answer: (B) capitalist

Explanation

A capitalist (free-market) economy depends on market forces with little or no government intervention. A socialist economy is controlled by the state.

From DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 1 (8:30 AM)

This is question 158 of DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 1 (8:30 AM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.