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Introduction — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsIntroduction2 Marks
Question
What are the important features of a capitalist economy?
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Answer

Features of capitalist economy are:
  1. Private ownership of land and capital.
  2. Profit is the only motive.
  3. Free play of the market forces of demand and supply.
  4. Government looks after growth, stability and social justice in the economy.

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