Cuba and China Economy
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Question (English)
In Cuba and China, most economic activities are governed by:
- Capitalist principles
- Socialistic principles ✓ Correct
- Mixed economy principles
- Traditional economy
Explanation:
Correct Answer Explanation
Cuba and China follow socialistic principles.
Key Points:
- Government decides what, how, and for whom to produce.
- Distribution based on needs.
- Strictly, no private property.
📚 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.
