Which of the following is not a characteristic of pure capitalism?
A)private property rights
B)competitive markets
C)laissez-faire policies
D)central planning
E)a reliance on prices to direct resources to their best uses

Question

Quizplus · Accepted Answer

Central planning is not a characteristic of pure capitalism. It is actually a characteristic of command economies, where the government controls most, if not all, economic activity. In pure capitalism, the market and individual consumers and producers determine what goods and services are produced and exchanged, without government intervention.

Which of the Following Is Not a Characteristic of Pure