True or False
1. Infrastructure is classified in two parts : Economic infrastructure and social infrastructure .
2. Social infrastructure consists of those services facilities which affect the production and distribution systems directly .
3. A good transport system helps in full utilization of resources .
4. Burden of wage bill is considered as the problems of Indian railways.
5. Postal services were introduced in 1937.
6. There is high degree of competition in capitalist Economy .
7. In capitalist economy all the means of production are owned by the whole community (state) .
8. In the socialist economy government is the only producer .
9. under socialist economy the main objective or motive is to earn profit .
10. Mixed economy is a mixed form of capatilism and socialism .
11. In mixed economy there is a coexistence of price system and economic planning .
12. A mixed economic system finds it possible to avoid business cycles .
13. Under capitalism the main objective or motive of every producer is social welfare .
14. In socialist economy Government is the only producer .
15. In mixed economy the means of production are owned by the government as well as by private people .
Answers
Answered by
0
Answer:
1.T
2.T
3.F
4.T
5.F
6.F
7.F
8.T
9.F
10.T
11.T
12.F
13.T
14.F
15.F
Explanation:
Similar questions