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An economic and political system where all the factors of production are owned and controlled by private owners for profit motives is known as

A. Socialism

B. Capitalism

C. Gandhism

D. Marxism

Answer: Option B

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Related Questions on Economic and Society in Sociology

A. J. Coleman

B. R. D. Putnam

C. E. Durkheim

D. P. Bourdieu

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A. Limit the accumulation of private property

B. Welfare of the working class

C. Reduce income and wealth inequalities

D. All of the above

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List I (E-Commerce Model)	List II (Definitions)
a. B2C	1. When a business sells a goods or service to another business.
b. B2B	2. When a business sells goods to an individual consumer directly.
c. C2C	3. When a consumer sells their own products or services to organisation or business.
d. C2B	4. When a consumer sells goods or services to another consumer.

A. a-2, b-1, c-4, d-3

B. a-2, b-4, c-3, d-1

C. a-2, b-3, c-4, d-1

D. a-2, b-1, c-3, d-4

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A. Only 1

B. Only 2

C. Both 1 and 2

D. None of these

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