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Q. What are the features of pure capitalism?
1. The capitalist system is also called free enterprise economy and market economy. 2. Private ownership. 3. No government interference. 4. Consumer sovereignty. 5. Freedom of choice of occupation. 6. Freedom to save and invest. 7. The market system. 8. Competition. 9. Absence of central plan 10. Fee enterprise.
What are the various stages of the decision making process? Decision Making Process: A good decision can merely be made as a result of a rational decision making process.
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