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Economic Systems & the Five Year Plans · Question 8 of 54

Question 8

MediumOriginal question

Assertion (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.

Options for question 8

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Distribution by purchasing power means the poor can be priced out of essentials.

  2. R explains A.

Concept
Limits of capitalism
Typical time
70 s
Your time
—
The rule this testsEconomic systems
Practise this chapter →

Ten questions from Economic Systems & the Five Year Plans, at your own pace.

Practise this chapter →

Ten questions from Economic Systems & the Five Year Plans, at your own pace.