Question

In capitalistic economy, to whom does the ownership and management of means of production belong? Write the following questions in one line.

Answer 1

The ownership and the profit from the production in the Capitalist economy belong to the Private property.

This type of economy operates only for the maximisation of profit.

Government does not involve in the costs of the products; it is only determined by the factors supply and demand.

The owner of the property is the lead to takes the decisions and the investments are according to his wish in this capital economy.

Answer 2

Explanation:

In capitalistic economy, to whom does the ownership and management of means of production belong to PRIVATE INDIVIDUAL'S.

HERE IS UR ANSWER

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