Which of the following is a feature of capitalism?
Answer Details
The feature of capitalism is the maximization of profit. Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods and services for profit. In a capitalist system, individuals and companies are motivated by the pursuit of profit, which is achieved by producing goods or providing services that are in demand in the marketplace. The profit motive is seen as a powerful incentive to encourage innovation, productivity, and efficiency, and it drives economic growth and development. However, capitalism also has its downsides, as it can lead to economic inequality and exploitation if not properly regulated. Nonetheless, the pursuit of profit is a fundamental feature of capitalism.