The correct answer to this open question is the following.
Although there are no options attached we can say the following.
These characteristics are features of Capitalism.
In Capitalist nations as the United States, Canada, or Great Britain,
the economic competition, limited government regulations, and consumer choice are not only characteristics of Capitalism, but real symbols of this economic doctrine.
Capitalism is the "paradise" of free enterprise. An economic model in which entrepreneurs can work hard, open their business, and became as rich as they want. Free market -supply and demand- is what regulates prices. The government plays a minor role with few regulations in Capitalist countries.