Oxford Languages and Google - English | Oxford Languages. (2024, 16 enero). https://languages.oup.com/google-dictionary-en/
Britannica, T. Editors of Encyclopaedia (2025, March 15). supply and demand. Encyclopedia Britannica. https://www.britannica.com/money/supply-and-demand
An economic system in which there is private owner-
ship of natural resources and capital goods.
Capitalism
Examples
United States, Colombia, Austria.
Market Role
Free markets with minimal regulation
Goverments role is limited (The government does not interfere much in economic activities)
Economic Incentives
Profit motive
"the desire for financial gain as an incentive in economic activity." (Oxford Languages And Google - English | Oxford Languages, 2024)
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 consumers wish to buy. " (Britannica Money, 2025)
Ownership
Private ownership of resources