MCQOPTIONS
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| 1. |
Which one of the following is not the characteristic of capitalism ? |
| A. | Individuals and associations behave with economic motive of maximising their profit with least sacrifice or cost. |
| B. | The country’s major means of production are either owned by the Government or their use is controlled by the Government. |
| C. | Producers, consumers and employees compete among themselves, as the resources and opportunities are limited. |
| D. | Price, the invisible hand, plays a predominant role in the flow of the factors of production and consumption. |
| Answer» C. Producers, consumers and employees compete among themselves, as the resources and opportunities are limited. | |