Write main characteristics of the capitalist economy.

1.	Write main characteristics of the capitalist economy.
Answer» Main characteristics of the capitalist economy are: 1. Private ownership on property. 2. Economic freedom. 3. Consumers’ sovereignty. 4. Perfect competition. 5. Role of Price-mechanism. 6. Self Interest and profit motive. 7. Class struggle.

Answer»

Main characteristics of the capitalist economy are:

1. Private ownership on property.

2. Economic freedom.

3. Consumers’ sovereignty.

4. Perfect competition.

5. Role of Price-mechanism.

6. Self Interest and profit motive.

7. Class struggle.

Discussion