Question 24 of 42
Q.The country following Capitalism is ________.
(a) India
(b) Russia
(c) China
(d) America
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★
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Start your 14-day free trial to unlock the full solution →America (the U.S.A.) is the country following capitalism, so option (d) is correct.
In the economic-systems and planning topic of the Tamil Nadu HSC Commerce syllabus, capitalism is a market economy characterised by private ownership of the means of production, freedom of enterprise, the profit motive and coordination through the price mechanism, with minimal state interference.
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