what were the effects of industrial capitalism on Indian economy?
Answers
On the other hand, large industrial capitalists are subject to competitive threat ... production in the Indian economy. ... It should have an adverse impact on the.
Answer:
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Explanation:
Capitalism is an economic system, where the government takes a back seat role, and people or companies compete with each other in a free market world to offer the best prices for their goods and services.
People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition
Socialism shaped the principal economic and social policies of the Indian government after independence until the early 1990s, when India moved towards a more market-based economy.