Which of the following is a characteristic of pure capitalism?

Question

Quizplus · Accepted Answer

Private property rights are a characteristic of pure capitalism, where individuals or private entities have the right to own and control property, including natural resources and means of production. Government ownership of resources and central planning are not characteristics of pure capitalism, while the reliance on plans to direct resources to their best uses may be present in some form of capitalism, but not in its purest form.

Which of the Following Is a Characteristic of Pure Capitalism