+91-8076753736 support@wiredfaculty.com

Sponsor Area

Indian Economy 1950-1990

Question

Wired Faculty App

On what basis the produced goods distributed among people in capitalist economy?

Solution

In capitalist economy, produced goods are distributed on the basis of purchasing power i.e. the ability to buy goods and services.

Some More Questions From Indian Economy 1950-1990 Chapter

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

Why is agriculture called the backbone of Indian Economy?

What is meant by agriculture?

What are the main causes of backwardness of Indian agriculture?

What do you mean by land reforms?

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation