Which of the following is NOT a feature of capitalism?

Step 1: Analyze the question The question asks which option is NOT a feature of capitalism. So we are looking for the odd one out, something that belongs to a different economic system.

Step 2: Explain the concept Capitalism is an economic system in which resources are mostly owned and controlled by private individuals and firms. Decisions about what to produce, how to produce, and for whom are guided mainly by the price mechanism (the forces of demand and supply), not by the government.

Key features of capitalism:

• Private ownership of property and the means of production
• Free enterprise: people can set up any legal business
• Competition among producers and sellers
• Profit motive: the main drive for producers
• Consumer sovereignty: consumers influence what is produced
• Limited government intervention

Step 3: Check each option

• A. Free enterprise: a feature of capitalism.
• B. Private ownership of property: a core feature of capitalism.
• C. Competition: a feature of capitalism, since many firms compete in the market.
• D. Detailed economic planning: this is a feature of a socialist or command economy, where the government (central planning authority) decides what, how, and for whom to produce. It is not a feature of capitalism.

Step 4: Answer The option that is NOT a feature of capitalism is D. Detailed economic planning.

Tip: For "which is NOT a feature" questions on economic systems, link the keywords:

• Private, free, competition, profit, price mechanism → Capitalism
• Central planning, state ownership, government control → Socialism/Command economy

If you see "planning" in a capitalism question, it is usually the odd one out.