Question

According to Pandit Deendayal what problems have the capitalist and socialist economies faced?

Answer 1

• Pandit Deendayal believed that even though the capitalist and socialists countries have abundant resources, human beings face many complexities and problems that are created due to man’s race blind race for prospe-ity.
• As per him, on one hand the capitalist and socialist nations have attained economic growth and development but on the other hand these systems have also created the problems of exploitation, inequality, economic instability, class struggle and pollution.