Question:
Capitalism is an economic system in which resources and the means of producing goods and services are privately owned. Which of the following are not necessarily a feature exclusive to capitalism?
Capitalism is an economic system in which resources and the means of producing goods and services are privately owned. Which of the following are not necessarily a feature exclusive to capitalism?
Updated On: Aug 10, 2024
- Private Ownership of Property
- Informalisation of work
- Pursuit of Personal Profit
- Consumer Sovereignity and Free Competition
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The Correct Option is B
Solution and Explanation
The correct answer is (B) : Informalisation of work.
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