Millionaire Mode

Economic Systems and Comparative Economics

Question 1 of 15

Which economic system is characterized by private ownership of resources, freedom of choice, and profit motive?

  1. Market Economy
  2. Command Economy
  3. Mixed Economy
  4. Traditional Economy

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000