The normal condition of a capitalist economy in classical theory is:

Related MCQs

• Consider the following statements: 1. In a Capitalist economy there is private ownership of means of production 2. In a communist nation, the means of production are owned by the State 3. In a free-market economy there is minimum role of the Government Which of the above 3 statement is/are true?
• Which of the following is not an assumption of classical theory?
• In classical theory the equality between saving and investment is brought about by:
• In classical theory of employment, there is the possibility of:
• According to classical economists, variations in savings are due to:
• What does the term Gross investment mean while denoting a nation's economy?
• What does the term free-market denote in terms of economy?
• What do you mean by a mixed economy?
• Which sector contributes the most to India's economy in terms of GDP?
• Which sector contributes the most to India's economy?