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
Question Source: 📚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. Download the app here.
📌 Question Number: 251 in 1. Important Concepts in Micro & Macroeconomics in the above course in App.