Which of the following is NOT a key feature of capitalism?a.Private ownership of the means of productionb.Free marketsc.Market price is determined by demand & supplyd.High government intervention in the economyClear my choiceQuestion 3Not yet answeredMarked out of 1.00Flag questionQuestion text

Which of the following is NOT a characteristic feature of socialism?Group of answer choicespublic ownership of the means of productionthe free-market economydistribution of goods without a profit motivecentral economic planning

Capitalism is an economic system based on the private ownership of the means of production and their operation for ….........a.capitalb.profitc.labourd.wage

Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property …...............a.property rights recognitionb.involuntary exchangec.women wage labourd.feminist policy

A key element in capitalism is:Group of answer choicesa low standard of livingScratchindividual ownership of propertyScratchgovernment ownership of propertyScratchgovernment control of marketScratchcontinued growthScratch

Which statement is incorrect about institutions of capitalism?Question 3Answera.Computers belonging to Macquarie University are private propertyb.The main institutions of capitalism are private property, markets, and firmsc.Sales and purchases of illegal guns is an example of marketd.Workers’ skills are private property belonging to workers