Question

The main motive of producer is to maximize profit in ______ economy.(socialist, capitalised, mixed)

Answer 1

Answer:

capitalised

Explanation:

The main motive of producer is to maximize profit in CAPITALISED economy.

Answer 2

The main motive is to maximise in a capitalist economy.

• A particular control of the production means and their utilisation for-profit form the basis of this economic system.
• Here the government does not meddle in economic affairs.
• Individuals own and manage assets in accordance with their interests.
• Supply and demand are free to set the market price of commodities that is most advantageous to the community as a whole.
• The desire to make a profit is a fundamental characteristic.

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