CUET Economics - A capitalist economy can be defined as an economy in which most of the economic activities have the following characteristics. (A) Sale and purchase of labour services at their own price. (B) Sale and purchase of labour services at the wage rate. (C) Production takes place for selling. (D) Authorities may intervene to achieve an equitable distribution of the final mix of goods and services. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 28 May Shift 2

Economics

Medium

(A), (C) and (D) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: 4

Related questions:

28 May Shift 1

A point outside the Production Possibility Curve represents:

A combination of goods can be produced but resources are underutilized.
A combination of goods can be produced, and the resources are fully utilized.
A combination of goods can not be produced as it is beyond the capacity of the economy.
A combination of goods can be produced and resources are appropriately utilized.

16 May Shift 1

Identify the characteristics of the resources from the following

(A) Resources are limited

(B) Resources are available for free

(D) Resources have alternative uses.

Choose the correct answer from the options given below:

30 May Shift 1

The problem 'For whom to produce' is basically concerned with _______.

CUET Economics 2025 28 May Shift 2 PYQs