Question

Which of the following features is/are present in Capitalist Economy?
1) Private Ownership
2) Price determination by Market
3) Motive of Welfare
4) Minimal Exploitation of resources.
Select the correct answer using the code given below

• A. 1 and 2
• B. 2,3 and 4
• C. 1,2 and 4
• D. All of the above.

Answer 1

The correct option is A 1 and 2

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Features of Capitalism includes : Ownership by Private enterprises, Minimal role of governments, Price determined by market forces, Very high competition, Motive of profits before social welfare.