Question

In a capitalist economy the production activities are in the hands of

• A. Government
• B. Workers
• C. Capitalist entrepreneurs
• D. None of them

Hint:

In a capitalist economy, private individuals or entrepreneurs control the means of production and seek to maximize profits.

Answer 1

The Correct Option is C

Step 1: Understanding a capitalist economy.
In a capitalist economy, the means of production, such as factories, land, and machinery, are privately owned and operated for profit. The government does not control these activities, nor do the workers own them. The primary role is played by entrepreneurs who invest capital to organize production.

Step 2: Analyzing the options.
(A) Government: In a capitalist system, the government does not control production but rather acts as a regulator.
(B) Workers: While workers are involved in production, they do not own the means of production in a capitalist economy.
(C) Capitalist entrepreneurs: Correct. Capitalist entrepreneurs are the owners and organizers of production in a capitalist economy. They invest capital and manage the production process for profit.
(D) None of them: This is incorrect because option (C) is correct.

Step 3: Conclusion.
The correct answer is (C) Capitalist entrepreneurs, as they control production in a capitalist economy.