Economics · Types of Economies
Which one of the following central features is NOT associated with a Capitalist Economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Economic organisation is ba sed on central planning, a rational process of resource allocation.✓
- 2Economic life is organised according to market principles.
- 3Productive wealth is held predominantly in private hands.
- 4There is generalised commodity production - it has market value.
Correct answer
Economic organisation is ba sed on central planning, a rational process of resource allocation.
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