The private ownership of the means of production is a feature of
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Correct Answer: Option A
Explanation:
The private ownership of the means of production is a feature of capitalism. In a capitalist economy, individuals and private businesses own and control the factors of production, and market forces determine prices and production. Socialism and communism advocate public or collective ownership, while communalism refers to a communal way of life.
The private ownership of the means of production is a feature of capitalism. In a capitalist economy, individuals and private businesses own and control the factors of production, and market forces determine prices and production. Socialism and communism advocate public or collective ownership, while communalism refers to a communal way of life.