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. Instead, it is a characteristic of a command economy where the government controls the allocation of resources and sets production targets. Pure capitalism is based on private property rights, competitive markets, laissez-faire policies, and a reliance on prices to direct resources to their best uses.

Which of the Following Is Not a Characteristic of Pure