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Which of the following is not a component of capitalism?

A. Private ownership of property
B. Individual initiative
C. Profit and competition
D. Planned economic activities

User Micster
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1 Answer

2 votes

Answer: D. Planned economic activities

Step-by-step explanation:

Capitalism refers to an economic and political system whereby the trade and industry in the country are controlled by the private owners in order to make profit. In this case, the role of the state is limited.

Some of the component of capitalism include private ownership of property, individual initiative and profit and competition. It should be noted that planned economic activity is a feature of socialism.

Therefore, the correct option is D.

User VelLes
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