Asked by
Envisioned Creation
on Oct 13, 2024
Verified
Which one of these is not a characteristic of capitalism?
A) Central planning
B) Private property
C) The price mechanism
D) Competition
Price Mechanism
The process by which the forces of demand and supply determine the prices of goods and services and allocate resources in an economy.
- Comprehend the fundamental attributes and distinctions among capitalist, communist, and mixed economic systems.
Verified Answer
MM
Learning Objectives
- Comprehend the fundamental attributes and distinctions among capitalist, communist, and mixed economic systems.
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