Explanation:

Statement 1 and 2: Private property, capital accumulation, wage labour, voluntary exchange, a price system and competitive markets are some of the major features of capitalism. In a capitalist market economy, decision-making and investment are determined by every owner of wealth, property or production ability in financial and capital markets, whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.

Statement 3: This is a feature of either communism or extreme socialism. Capitalism is an economic system based upon private ownership of the means of production and their operation for profit. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition and  state-sanctioned social policies. The degree of competition in markets, the role of intervention and regulation and the scope of state ownership vary across different models of capitalism