Question

Which of the following is not a feature of a capitalist economy?
A) Right to private property B) Existence of competition C) Service motive D) Freedom of choice to consumers

Answer 1

C. Service motive

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Answer 2

Answer:

Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command econom