Which of the following is/are characteristics of capitalist economy?1. Private and Public ownership of means of production2. Production takes place for selling the output in the market3. There is a sale and purchase of labour services at a price called wage rate - Study24x7
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Which of the following is/are characteristics of capitalist economy?
1. Private and Public ownership of means of produ...

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A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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