BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Expert-Verified Answer. Service to society is not a function of a business.

Detailed explanation-2: -Answer and Explanation: The correct answer is option d. classless society. The primary characteristics of capitalism are that it has a feature of private ownership, a noticeable minimal government intervention, the presence of a competitive market, and the presence of two classes of individuals.

Detailed explanation-3: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.

Detailed explanation-4: -Capitalism Defined The four factors are entrepreneurship, capital goods, natural resources, and labor. The owners of capital goods, natural resources, and entrepreneurship exercise control through companies. Individuals own their labor.

Detailed explanation-5: -These include laissez-faire or free-market capitalism, anarcho-capitalism, state capitalism and welfare capitalism.