The Vast Majority of India's Population Comprises a "Bullock Cart

question 74

True/False

The vast majority of India's population comprises a "bullock cart" segment whose households lack most comforts but typically own a television.

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Definitions:

Government Prescribes

Refers to regulations or directives made by a government to influence or control certain activities.

Private Property

Land or belongings owned by individuals or corporations, distinct from property owned by the government or community.

Market System

This economic structure allows for the determination of investment, production, and distribution through the interplay of supply and demand, ensuring that the pricing of goods and services occurs in an open price system.