Advertisements
Advertisements
प्रश्न
Which of the following is NOT the feature of a capitalistic economy?
पर्याय
High degree of competition
Economic planning
Freedom of consumption
Profit motive
MCQ
Advertisements
उत्तर
Economic planning
Explanation:
A capitalistic economy is characterized by private ownership, profit motive, high degree of competition, and freedom of consumption. Economic planning, which involves centralized control and allocation of resources, is not a feature of capitalism but of a socialist or planned economy where the government makes decisions on production and distribution. In capitalism, decisions are driven by market forces and individual profit motives without central planning.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
