What is one characteristic of capitalism?

Private ownership of resources and businesses is a fundamental characteristic of capitalism. In a capitalist economy, individuals and companies have the right to own property and operate their own businesses with the goal of making a profit. This system encourages entrepreneurship and innovation, as people are motivated to create and sell goods and services to meet consumer demands. The emphasis on private ownership allows for a diverse range of products and services in the market, as competition drives improvements and efficiency, benefiting consumers.

Capitalism contrasts sharply with systems where the government controls economic activity, mandates equality, or suppresses competition, which do not align with the principles of private enterprise and market freedom. In essence, the characteristic of private ownership is what enables capitalism to thrive and develop in dynamic ways.