Q. Which is not a characteristic of capitalist economy?
Answer: Service motive
Notes: Capitalism is an economic system in which each individual in his capacity as a consumer, producer, and the resource owner is engaged in economic activity with a large measure of economic freedom. The inspiring force in this system is self-interest and maximization of profit. The decisions of businessmen, farmers, and producers, including that wage-earners are based on the profit motive.

This Question is Also Available in:

हिन्दी
This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India.
📌 Question Number: 251 in 1. Important Concepts in Micro & Macroeconomics in the above course in App.