Topics: CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books

Capitalist Distribution

Question

In a capitalist society, goods are distributed based on:

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Question (English)

In a capitalist society, goods are distributed based on:

  1. Needs of people
  2. Government allocation
  3. Purchasing power ✓ Correct
  4. Equal distribution
Explanation:
Correct Answer Explanation

Distribution in capitalism is based on Purchasing Power — the ability to buy goods and services.

Key Points:
  • Low-cost housing for the poor won't count as demand without purchasing power.
  • This didn't appeal to Nehru — majority would be left behind.
  • Socialism distributes based on needs.

📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990

This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.

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