Private ownership of the means of production is a feature of a _______ economy

Question:

 

Private ownership of the means of production is a feature of a _______ economy

Solution:

Capitalistic economy is a system in which means of production are owned by private individuals called capitalists and their sole motive is profit in which there in no interference of the government in the economic activities of the economy.

Answered By: Harshit Yadav (Gwalior)

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