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    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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