Which of the following could not be considered a major economic system ?
Correct answer: B. physical quality of life index
- A. capitalism
- B. physical quality of life index
- C. socialism
- D. communism
- E. None of the above
Explanation
Capitalism, socialism, and communism are economic systems because they describe how production and resource allocation are organised. The Physical Quality of Life Index is a development indicator, not an economic system.
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