Features (characteristics) of market production

Features (characteristics) of market production

  1. There is use of money as a medium of exchange.
  2. There is existence of profit motive.
  3. There is use of modem techniques of production.
  4. There is production  of high quality output.
  5. There is use of hired labour in the production process.
  6. There is use of capital intensive technology  of production.
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