One of the important features of capitalist economy is ______.

economic planning

No worries! We‘ve got your back. Try BYJU‘S free classes today!

price mechanism

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

economic equalities

No worries! We‘ve got your back. Try BYJU‘S free classes today!

social welfare

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A price mechanism
Price-mechanism is an important feature of capitalist economy also called the market economy. In this the prices are determined by the free interaction of the forces of demand and supply. It is an automatic self-regulating mechanism which runs with the motive of profit.

Suggest Corrections