what are the characteristics of capitalised economic? write five points....
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Main Characteristics of Capitalist Economies:-
A Two-Class System. ...
Profit Motive. ...
Minimal Government Intervention. ...
Competition. ...
Willingness to Change.
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Capitalist economy has following main features:
(i) Private Property:
(ii) Price Mechanism:
(iii) Freedom of Enterprise:
(iv) Sovereignty of that consumer:
(v) Profit Motive:
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