Q.

Which of the following is not a feat tare of a capitalist economy?

A. Right to private property
B. Existence of competition
C. Service motive
D. Freedom of choice to consumers
Answer» C. Service motive
Explanation: Capitalism is an economic system in which each individual in his capacity as a consumer, producer, and resource owner is engaged in economic activity with a large measure of economic freedom. The inspiring force in this system is self-interest and maximization of profit. The decisions of businessmen, farmers, producers, including that of wage-earners are based on the profit motive.
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