Use app×
QUIZARD
QUIZARD
JEE MAIN 2026 Crash Course
NEET 2026 Crash Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
445 views
in Economy or Economic System by (51.0k points)
closed by

What is the modern form of capitalist economy?

1 Answer

+1 vote
by (47.7k points)
selected by
 
Best answer

In modem capitalism, elements such as inconsistencies in the market, preference to modem laws and consolidation, increasing influence of labour organizations, increase in public enterprises, moderate control of the state, etc. have emerged in new form, but still, even today, characteristics of pure capitalism are present in modem capitalism. However, now the governments are not remaining passive and they have started to perform their active role as social welfare agent in capitalist economy.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...