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      Question

      Labour intensive techniques are used for the production

      of goods and services in which economy?
      A Liberal economy Correct Answer Incorrect Answer
      B Mixed economy Correct Answer Incorrect Answer
      C Socialist economy Correct Answer Incorrect Answer
      D Market economy Correct Answer Incorrect Answer

      Solution

      The sole objective of socialism is the maximum social welfare of the society. It means that there is no scope for exploitation of labour class. The government keeps a close eye on the needs of the poor masses while formulating plans. It is a labor-intensive setup.

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