Capitalism

Ownership

Private ownership of resources

Decision making

Market-driven decisions

Supply - Demand dynamic

It is "relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that c

It is "relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. " (Britannica Money, 2025)

Economic Incentives

Profit motive

"the desire for financial gain as an incentive in economic activity." (Oxford Languages And Google - English | Oxford Languages, 2024)

Market Role

Free markets with minimal regulation

Goverments role is limited (The government does not interfere much in economic activities)

Examples

United States, Colombia, Austria.

An economic system in which there is private owner-
ship of natural resources and capital goods.

Britannica, T. Editors of Encyclopaedia (2025, March 15). supply and demand. Encyclopedia Britannica. https://www.britannica.com/money/supply-and-demand

Oxford Languages and Google - English | Oxford Languages. (2024, 16 enero). https://languages.oup.com/google-dictionary-en/