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Miscellaneous·2022·Easy

Which one of the following central features is not associated with Capitalist Economy?

Which one of the following central features is not associated with Capitalist Economy?

Options

  1. a.

    There is generalised commodity production — it has market value.

  2. b.

    Productive wealth is held predominantly in private hands.

  3. c.

    Economic life is organised according to market principles.

  4. d.

    Economic organisation is based on planning, a supposedly rational process of resource allocation.

    Correct answer

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