engineering english MCQ #724

The passage compares different economic systems. What is a key characteristic of a capitalist economy?

engineering english MCQ #724

  1. Question 1

    Q1. The passage compares different economic systems. What is a key characteristic of a capitalist economy?

    • A) State ownership
    • B) Private ownership
    • C) Central planning
    • D) Mixed ownership

    Answer: Private ownership

    Explanation: Capitalist economies are characterized by private ownership of the means of production.