Q1147
Which one of the following is not the characteristic of capitalism?
A.
Individuals and associations behave with economic motive of maximising their profit with least sacrifice or cost
B.
The country's major means of production are either owned by the Government or their use is controlled by the Government
AnswerC.
Producers, consumers and employees compete among themselves, as the resources and opportunities are limited
D.
Price, the invisible hand, plays a predominant role in the flow of the factors of production and consumption
Answer: Option B
Solution
Answer: Option B
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