Question
What economic system is characterized by a free-market
economy?Solution
A free-market economy is a fundamental feature of capitalism, where resources are allocated based on market forces, and individuals and businesses operate with minimal government intervention. In contrast, socialism and communism emphasize government control or collective ownership of the means of production, while feudalism is a pre-capitalist system based on lord-vassal relationships and manual labor.
Which of the following company has recently announced that it will be investing Rs 2,000 crore for setting up a large hyperscale data centre in Hyderabad?
Which bank is associated with an ‘open loop ticketing system’?
Karmoli Hydroelectric Project is situated on which river?
The United Nations General Assembly adopted which resolution proclaiming June 5 as the International Day for the Fight Against Illegal, Unreported and U...
What is the new mandatory annuity purchase requirement for non-government NPS subscribers on normal exit?
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Consider the following statements with reference to the New Development Bank:
            I.           The New Developme...
Recently Prime minister Narendra modi launched “NIRYAT” Portal. What does A stand for?
Who was Madabhushi Rangadorai, also known as Randor Guy?
When was the 15th India–Vietnam Defence Policy Dialogue held?
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