Which of the following is not a feature of a capitalist economy?
Service motive
A capitalist economy is characterized by the right to private property, existence of competition, and freedom of choice to consumers. The correct answer is Service motive, as capitalist economies are profit-driven rather than service-oriented.
Similar Questions
The basis of determining dearness allowance to employees in India is ______
An indifference curve measures the same level of ______
The CSO adopted the concept of Gross Value Added in ______.
According to Malthusian theory of population, _______
Which of the following incidents is NOT a part of the Medium-Term Fiscal Policy under the Fiscal Responsibility and Budget Management Act, 2003?
What causes the shape of the indifference curves to be convex to the origin for two goods X and Y?
Income elasticity of demand for luxury goods is usually ________.
In consumer behaviour theory of economics, the equilibrium is defined as the point of tangency of the:
The major source of electricity generated in India is from ________.
Net national product at market prices + Other current transfers from the rest of the world = ?
Important Questions from Economy
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
The major economic attribute for comparing countries is their:
