Capitalism is characterized by all of the given options
except the option d, which is "government ownership of industry". Please not that this
option is, in a way, opposite of option a, that is private
ownership.
Capitalism an economic system followed by a
country or a society which is characterized by private ownership and control of capital
or means of production. As industry represents a means of production involving
investment of capital, In capitalism the industry is owned and managed by individuals or
groups of individuals in the society, rather than collectively by the total society
represented by the government.
Pleas not the difference
between ownership by the people, and private ownership. Ownership by people includes
collective ownership by all the people. However private ownership means ownership by
individuals or small group of people, rather than collectively by the entire
population.
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