Question

Which of the following is not a feature of capitalist economy?

A Right to private property Correct Answer Incorrect Answer
B Existence of competition Correct Answer Incorrect Answer
C Collective ownership Correct Answer Incorrect Answer
D Freedom of choice to consumers Correct Answer Incorrect Answer

Solution

A capitalist economy is the one where the ownership of economy's resources is in the hands of the private sector. Thus, collective ownership is not possible in a capitalist economy.

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