{"id":89455,"date":"2025-06-01T10:04:59","date_gmt":"2025-06-01T10:04:59","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=89455"},"modified":"2025-06-01T10:04:59","modified_gmt":"2025-06-01T10:04:59","slug":"in-which-of-the-following-types-of-economy-are-the-factors-of-producti","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-which-of-the-following-types-of-economy-are-the-factors-of-producti\/","title":{"rendered":"In which of the following types of economy are the factors of producti"},"content":{"rendered":"

In which of the following types of economy are the factors of production owned individually ?<\/p>\n

[amp_mcq option1=”Capitalist” option2=”Socialist” option3=”Mixed” option4=”Both socialist and capitalist” correct=”option1″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CAPF – 2011<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
In a Capitalist economy, the factors of production are owned individually.<\/section>\n
Capitalism is an economic system characterized by private ownership of the means of production (factors of production like land, labour, capital, and entrepreneurship) and their operation for profit.<\/section>\n
In contrast, socialist economies typically involve state or collective ownership of the factors of production, while mixed economies combine elements of both private and public ownership and control.<\/section>\n","protected":false},"excerpt":{"rendered":"

In which of the following types of economy are the factors of production owned individually ? [amp_mcq option1=”Capitalist” option2=”Socialist” option3=”Mixed” option4=”Both socialist and capitalist” correct=”option1″] This question was previously asked in UPSC CAPF – 2011 Download PDFAttempt Online In a Capitalist economy, the factors of production are owned individually. Capitalism is an economic system characterized … <\/p>\n

Detailed SolutionIn which of the following types of economy are the factors of producti<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1465,1120,1261],"class_list":["post-89455","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1465","tag-economic-development","tag-nature-of-indian-economy","no-featured-image-padding"],"yoast_head":"\nIn which of the following types of economy are the factors of producti<\/title>\n<meta name=\"description\" content=\"In a Capitalist economy, the factors of production are owned individually. 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