Economics · Economic Systems
Which of the following is the core characteristic statement regarding a Capitalist economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It eliminates the presence of competitive market forces.
- 2The government ensures equal distribution of wealth through this system.
- 3It is completely free from any form of legislative regulation.
- 4In this system, the main motive of production is to earn profit.✓
Correct answer
In this system, the main motive of production is to earn profit.
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