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Which of the following is NOT a feature of capitalism?

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Economics JAMB 2024

Which of the following is NOT a feature of capitalism?

  • Free enterprise
  • private ownership of property
  • competition
  • detailed economics planning checkmark

The correct answer is: D

Explanation

Capitalism is an economic system characterized by several key features, such as free enterprise, competition, private ownership of property, and entrepreneurs pursuing profit. However, capitalism typically operates based on market force and decentralized decision-making, rather than relying on detailed economic planning by a central authority.

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