Question

Which statement is a PRIMARY characteristic of a capitalist system?

A) graduated income tax
B) private ownership of property
C) equal distribution of resources
D) governmental regulation of business

Answer 1

Answer: B) private ownership of property

Explanation: in establishing and protecting private property, including, most notably, private ownership of the means of production (as opposed to state ownership and communist ownership).

Answer 2

B) private ownership of property

Step-by-step explanation:

Capitalist economic systems are characterized by competition, private ownership of property, and limited government interference in the marketplace.