Question 8
MediumOriginal questionAssertion (A): A purely capitalist economy may leave the poor without essential goods.
Reason (R): In a capitalist economy, goods go to those who can pay for them.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Distribution by purchasing power means the poor can be priced out of essentials.
R explains A.
- Concept
- Limits of capitalism
- Typical timeTypical
- 70 s
- Your timeYours
- —
Practise this chapter →
Ten questions from Economic Systems & the Five Year Plans, at your own pace.