Option 1 -> Private ownership of means of production is a fundamental feature of capitalism.
Option 2 -> Public ownership contradicts capitalism; it is a feature of socialist economies.
Option 3 -> Labor markets with wage-based employment are characteristic of capitalist systems.
Option 4 -> In capitalism, production is primarily for profit, though social welfare may be a secondary outcome.
Hence, Option 2: There is public ownership of means of production. -> In a capitalist economy, the means of production (land, factories, machinery) are privately owned by individuals or corporations, not by the state or public. Public ownership is a defining feature of socialist or communist economic systems, making it contrary to capitalist principles. -> correct