In economies all productive resources are owned and controlled by the government ........

General Studies (CGL) Indian Economy

In ________ economies, all productive resources are owned and controlled by the government.

This questions was previously asked in

SSC CGL 3rd March 2020 Shift-3

dual

socialist

mixed

capitalist

- Option 1: Dual

- Not commonly associated with economic systems. Typically means having two parts.

- Option 2: Socialist

- In socialist economies, the government owns and controls all key resources.

- Focuses on equal distribution of wealth.

- Aims for reduced class differences.

- Option 3: Mixed

- Combines elements of both capitalism and socialism.

- Some resources are government-owned, others privately owned.

- Balances private enterprise with government intervention.

- Option 4: Capitalist

- Resources are privately owned.

- Driven by market forces and private profit.

- Promotes competition and consumer choice.

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