In which of the following type of economies, resources are owned privately and the main objective behind economic activities is profit-making ?
Capitalist
This type combines elements of both capitalist and socialist systems. Based on the definition provided in the question, the economic system where resources are owned privately and the main objective behind economic activities is profit-making is the Capitalist economy.
Which among the following was the primary outcome of the liberalization and privatization initiatives under the New Economic Policy (NEP) in 1991?
The sum of the monetary value of all final goods and services produced across all sectors within a country during a specific year is referred to as :
Consider the following statements:
1. Statistics day is celebrated every year on 29th July.
2. National Statistical Commission was set up in 2004.
3. The base year of Consumer Price Index (Rural) is same as that of Consumer Price Index (Urban) i.e. 2012 = 100.
Which of the above statements is/are false?