What is one key feature of capitalism?

Private ownership of production is a fundamental characteristic of capitalism. In a capitalist system, individuals and businesses have the right to own and operate their own enterprises and resources. This ownership allows them to make decisions about production, pricing, and distribution, driven by market forces and competition. This feature contrasts sharply with other economic systems where the state or government retains control over production and enterprise, aiming for more centralized or regulated economic environments. Capitalism encourages innovation and efficiency, as owners seek to maximize their profits, leading to a diverse marketplace.

Options related to government control or central planning imply a more socialist or command economic model, where the state plays a dominant role in regulating or owning resources. The concept of equal distribution of wealth is also not aligned with capitalism, as it inherently allows for income inequality based on market success, entrepreneurial spirit, and individual effort. Thus, the emphasis on private ownership is what distinctly encapsulates the essence of capitalism.