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Question
which of the following are characteristics of a capitalist economy? a free enterprise b equal distribution of resources c competition d public ownership of property e private property f profit
In a capitalist economy, there is free - enterprise where businesses can operate freely. Competition exists among firms. Private property rights are fundamental, allowing individuals and businesses to own property. Profit - making is a key motive. Equal distribution of resources is not a characteristic as resources are allocated based on market forces. Public ownership of property is more associated with socialist or communist economies.
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A. free enterprise
C. competition
E. private property
F. profit