The term Capitalism refers to:
A. the use of markets
B. government ownership of capital goods
C. private ownership of capital goods
D. private ownership of homes & cars
The term Capitalism refers to private ownership of capital goods
Capitalism is an economic system based on private ownership of capital. In this system, the production and distribution of goods depend on invested private capital and profit-making.
The section GK MCQs consists of World Geography, Atmosphere, Science & Literature, events Mcqs, Current Affairs Mcqs, Pakistan Affairs Mcqs and International Organizations. Similarly, MCQs over Global Issues that include International Security, International Political Economy and MCQs of Human Rights etc are also here.
These general knowledge questions are very important for all type of exams conducted by FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEAand other testing agencies of Pakistan.
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