Question

What are the characteristics of the capitalist economy.Find out from the following:

i.Freedom for the entrepreneurs to produce any commodity

ii.Right to private property

iii.Motive for social welfare

iv.Transfer of wealth to legal heir

• A. i,ii and iii only
• B. ii and iv only
• C. i,ii and iv only
• D. i,ii,iii and iv

Answer 1

Answer:

C. i,ii and iv only