In a capitalist economy, the means of production are

India follows which type of economic system?

The market economy is also known as 

The term “Laissez-faire” is closely associated with which economic system?

In a traditional economy, decisions are based on

Profit motive acts as the main driving force in

The concept of “Planned Development” in India began with

The command economy discourages

Under socialism, what determines resource allocation?

 The main objective of a socialist economy is