The classification of economies into Capitalist, Socialist and Mixed is based on their:
A. Mode of Production, exchange and distribution
B. Government’s role in economic activity.
C. Both (a) and (b)
D. Neither (a) nor (b)
Answer:C
The classification of economies into Capitalist, Socialist and Mixed is based on their:
A. Mode of Production, exchange and distribution B. Government’s role in economic activity. C. Both (a) and (b) D. Neither (a) nor (b)