Per NCERT, what is LIBERALISM's preferred mechanism for distributing rewards and opportunities in society — contrasted with socialism's emphasis on state-controlled distribution?
AFree + fair competition among individuals — with state intervention only to ensure minimum standards and equal opportunities
BRandom distribution by lottery
CState-set wages with no individual competition
DHereditary distribution by family origin
Answer & Solution
Correct answer: A. Free + fair competition among individuals — with state intervention only to ensure minimum standards and equal opportunities
NCERT presents liberalism as favouring competition with minimal-state-corrective interventions. The other options misstate liberalism.
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