The industrialization and economic development of the USA Great Britain and other Western European Countries here have taken place under the…

CA Foundation · Business Economics · MTP · September 2026
The industrialization and economic development of the USA Great Britain and other Western European Countries here have taken place under the condition of:
(A) A. capitalism and laissez faire
(B) B. mixed economic structure
(C) C. socialism and planned structure
(D) D. none of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. capitalism and laissez faire

Topics: Nature & Scope of Business Economics

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