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Business Environment

Quick practice

Question 1 of 5

Which among the following are the characteristics of the capitalist system?

1. Profit motive 

2. Privately owned business units

3. Freedom to save and invest

4. Competitive environment

A

1, 2, 3 and 4

B

1 and 3

C

1, 2 and 4

D

1, 2 and 3

Concepts

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