Which of the following is not a merit of capitalistic economy?

Economic freedom

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Variety of goods and service

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No planning at all

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New inventions

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Solution

The correct option is C No planning at all

Merits of Capitalistic System:

(i) Economic Freedom

(ii) Automatic Working

(iii) Variety of Goods and Services

(iv) Optimum Use of Resources

(v) Efficient Producer

(vi) Higher Standard of Living

(vii) Incentive to efficient

(viii) New Inventions

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