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BUSINESS ENVIROMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMBUSINESS ENVIROMENT2 Marks
Question
What is a capitalist economic system?
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Answer

In capitalist system the country adopts a policy of free trade. In this system, the government does not interfere much. It allows the producer to take all the major decisions with respect to production and distribution.

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