Which of the following is not a characteristic of capitalism?
A) Private ownership of resources.
B) Decentralized decision-making using markets.
C) Representative democracy.
D) Consumer sovereignty.

Question

Quizplus · Accepted Answer

Representative democracy is a political system that allows citizens to elect representatives to make decisions on their behalf. It is not a characteristic of capitalism, which is an economic system based on private ownership of resources, decentralized decision-making using markets, and consumer sovereignty.

Which of the Following Is Not a Characteristic of Capitalism