Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?

Related Mcqs:

By Which scale the value of all economic activity produced by a nation during a given period is measured ?

A. Gross Domestic Product (GOP) B. Gross National output (GNO) C. Gross National Product (GNP) D. Gross National output...

What is called that bank which regularly accepts foreign currency-denominated deposits and makes foreign currency-denominated deposits and makes foreign currency loans ?

A. Eurobank B. Foreign bank C. International Bank D. Multinational Bank...

Market in which forces of demand and supply are not in the control of government is called ?

A. Market Economy B. Free Market C. Both of them D. None of them...

Trade between two countries can be useful if cost ratios of goods are ?

A. Equal B. Different C. Undetermined D. Decreasing...

Total number of adults currently employed or actively seeking work in all economic sectors is known as ?

A. Labor force B. Labor potential C. Work force D. All of them...