MCQ practice · SSC Bangladesh and Global Studies Board questions · Chapter 10: The National Resources and the Economic Systems
The features of the capitalist economic system are-
- i. open competition
- ii. exploitation of labourers
- iii. ownership of property
Think it through first, then pick an option.
- a i and ii
- b i and iii
- c ii and iii
- d i, ii and iii
Answer and explanation
Correct answer: d i, ii and iii
True statements: i: open competition among many producers is a feature of capitalism; ii: depriving labourers of the just wage is a feature of capitalism; iii: private ownership of property is a feature of capitalism
Why the other options are wrong
- a i and ii: iii is true (private ownership of property is a feature of capitalism), so it cannot be left out.
- b i and iii: ii is true (depriving labourers of the just wage is a feature of capitalism), so it cannot be left out.
- c ii and iii: i is true (open competition among many producers is a feature of capitalism), so it cannot be left out.
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