MCQ practice · SSC Bangladesh and Global Studies Board questions · Chapter 10: The National Resources and the Economic Systems
The features of this economic system are-
- i. private ownership
- ii. earning profit
- iii. freedom of production
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: the factors of production are privately owned; ii: earning profit is the aim in capitalism; iii: the individual's freedom to take up production
Why the other options are wrong
- a i and ii: iii is true (the individual's freedom to take up production), so it cannot be left out.
- b i and iii: ii is true (earning profit is the aim in capitalism), so it cannot be left out.
- c ii and iii: i is true (the factors of production are privately owned), so it cannot be left out.
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