Which of these is/are not the feature of a capitalistic economy?

Price mechanism

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

Private ownership of resources

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

Maximum social welfare objectives

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

Freedom of enterprises

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

Open in App

Solution

The correct option is C Maximum social welfare objectives
All are the features of a capitalistic economy except the maximum social welfare objectives. Price-mechanism is an important feature of capitalist economy as prices are determined by the free interaction of the forces of demand and supply. The individuals have the right to own property and the enterprises have the freedom to operate.

Suggest Corrections

Similar questions

In which of these systems does the ownership of the facility lie with the private enterprise?

Join BYJU'S Learning Program