Which one of the following is not the characteristic of a capitalist economy?

CA Foundation · Business Economics · PYQS · September 2025
Which one of the following is not the characteristic of a capitalist economy?
(A) A. Profit motive
(B) B. Competition
(C) C. Freedom of enterprise
(D) D. Collective ownership

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Collective ownership

Topics: Nature & Scope of Business Economics

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