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Q. |
The main feature of a capitalist economy is - |
A. | Administered prices |
B. | Public ownership |
C. | Economic planning |
D. | Private ownership |
Answer» D. Private ownership | |
Explanation: Capitalism is an economic system that is based on private ownership of the means of production and the production of goods or services for profit. Other elements central to capitalism include capital accumulation and often competitive markets. |
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