Asked by Delaney DeAvila on May 13, 2024
Verified
Which of the following is NOT a characteristic of the capitalist form of economic organization?
A) Central planning.
B) A reliance on decentralized market processes for resource allocation purposes.
C) Private ownership of productive resources.
D) All of the choices are true.
Central Planning
A system of economy in which all choices about the creation and allocation of goods and services are made by the government or a central body.
Capitalist Form
A socio-economic system characterized by private ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.
- Acquire knowledge about the essential features and variances between capitalist, communist, and mixed economies.
Verified Answer
Learning Objectives
- Acquire knowledge about the essential features and variances between capitalist, communist, and mixed economies.
Related questions
Which Economic System Is Usually Associated with Government Ownership of ...
In the Country of ABC,the Government Owns the Public Transportation,basic ...
_____ Is an Economic System in Which the Government Owns ...
Producers Have an Incentive to Produce Those Goods Most Desired ...
Which of the Following Statements Is False ...