Which of the following is not a characteristic of pure capitalism?

A) Private property rights
B) Competitive markets
C) Laissez-faire policies
D) Central planning
E) A reliance on prices to direct resources to their best uses

Pure Capitalism

An economic system purely driven by market forces with minimal governmental intervention, where private individuals and firms control the production and distribution of goods.

Central Planning

An economic system where key decisions about production, distribution, and consumption of goods and services are made by the government or a central authority.