Q. Consider the following statements:1. In a Capitalist economy there is private ownership of means of production 2. In a communist nation, the means of production are owned by the State In a free-market economy there is minimum role of the Government Which of the above 3 statement is/are true? (Solved)
1. Only 1 and 3
2. Only 2 and 3
3. Only 3
4. All are true
- d. All are true