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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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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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