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Which of the following is not a feature of capitalist economy? 1 point Right to private property Freedom of choice No profit no loss motive Competition?
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Which of the following is not a feature of capitalist economy? 1 point...
**Not a feature of capitalist economy**
- **Right to private property**
- **Freedom of choice**
- **No profit no loss motive**
- **Competition**
**Explanation:**
**Right to private property:** In a capitalist economy, individuals have the right to own property and use it as they see fit. This includes land, resources, and assets. This right is a fundamental aspect of capitalism as it allows individuals to accumulate wealth and invest in businesses.
**Freedom of choice:** In a capitalist economy, consumers have the freedom to choose what goods and services they want to purchase. This means that businesses must compete with each other to attract consumers by offering quality products at competitive prices. This competition helps drive innovation and efficiency in the economy.
**No profit no loss motive:** In a capitalist economy, the main goal of businesses is to make a profit. This profit motive drives businesses to be efficient, innovative, and competitive in order to increase their bottom line. Businesses that are unable to make a profit may not survive in the long run.
**Competition:** Competition is a key feature of a capitalist economy. It encourages businesses to strive for excellence, lower prices, and improve quality in order to attract customers. Competition also helps to prevent monopolies and encourages innovation and efficiency in the economy.
Therefore, all the features mentioned - right to private property, freedom of choice, no profit no loss motive, and competition - are integral parts of a capitalist economy.
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Features of a Mixed Economy:A mixed economy is an economic system that combines elements of both a market economy and a planned economy. It incorporates features of both private enterprise and government intervention. The correct answer is D, as all of the following features are characteristic of a mixed economy:1. Planned economy:A mixed economy includes elements of a planned economy, where the government plays a role in guiding and regulating economic activities. It formulates economic plans and policies to ensure the efficient allocation of resources and to promote economic stability.2. Dual system of pricing:In a mixed economy, there exists a dual system of pricing, which means that both market prices and government-set prices coexist. While market forces determine prices for most goods and services, the government may intervene to regulate prices in certain sectors to protect consumers or promote social welfare.3. Balanced regional development:Another characteristic of a mixed economy is the emphasis on balanced regional development. The government intervenes to ensure that economic growth and development are not concentrated in specific regions or industries but are spread across different regions and sectors. This helps to reduce regional disparities and promote overall economic stability and social welfare.Benefits of a Mixed Economy:A mixed economy offers several benefits due to its combination of market forces and government intervention. Some of these benefits include:1. Economic efficiency:By incorporating market mechanisms, a mixed economy allows for resource allocation based on supply and demand, which promotes economic efficiency. Market forces encourage competition, innovation, and productivity, leading to higher levels of economic growth.2. Social welfare:Government intervention in a mixed economy enables the provision of public goods and services that may not be adequately provided by the market alone. This includes areas such as healthcare, education, infrastructure, and social security, ensuring a certain level of social welfare and equity.3. Stability and regulation:The government's role in a mixed economy helps to maintain economic stability through macroeconomic policies such as fiscal and monetary measures. It also regulates certain sectors to prevent market failures, protect consumer rights, and ensure fair competition.Conclusion:A mixed economy combines the advantages of both market forces and government intervention. It allows for economic efficiency, social welfare, and stability. The features of a mixed economy include elements of a planned economy, a dual system of pricing, and balanced regional development. These features work together to create a system that promotes both economic growth and social welfare.

Which of the following is not a feature of capitalist economy? 1 point Right to private property Freedom of choice No profit no loss motive Competition?
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