Each of these is a basic characteristic of a capitalist economy,except

A) the institution of private property.
B) central planning.
C) laissez-faire.
D) individuals acting in their own self-interest.

Laissez-faire

An economic system in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, and tariffs.

Capitalist Economy

An economic system where private individuals and business owners control the production, distribution, and exchange of goods and services, typically driven by profit motives.

Central Planning

An economic system where all major production, investment, and allocation decisions are made by the government or a central authority.