History & Civics
(A) Socialism is an economic system in which the means of production are owned by the community and in which all share fairly the wealth produced.
(B) The evil effects of Capitalism and the spirit of improving the conditions of workers gave rise to socialism.
- (R) contradicts (A)
- (A) is the reason for (R)
- (A) is true but (R) is false.
- (A) and (R) are independent of each other.
Related Questions
(A) Capitalism is the economic system that generates and gives power to the capitalists.
(B) In capitalism, the means of production such as labour, raw material, tools and machines are owned and controlled by public.
- (R) contradicts (A)
- (A) is the reason for (R)
- (A) is true but (R) is false.
- (A) and (R) are independent of each other.
(A) Due to the Industrial Revolution, skilled labourers lost their jobs as new machines replaced them.
(B) Women and children were recruited in factories as they could be hired for very low wages.
- (R) contradicts (A)
- (A) is the reason for (R)
- (A) is true but (R) is false.
- (A) and (R) are independent of each other.
What is meant by the term, 'Industrial Revolution'?
Name any two consequences of the Industrial Revolution in the economic field.