Capitalism is characterized by private ownership of the factors of production. Decision making is decentralized and rests with the owners of the factors of production. Their decision making is coordinated by the market, which provides the necessary information. Material incentives are used to motivate participants. Capitalism is a widely adopted economic system in which there is private ownership of the means of production. Modern capitalist systems usually include a market-oriented economy, in which the production and pricing of goods, as well as the income of individuals, are dictated to a greater extent by market forces resulting from interactions between private businesses and individuals than by |syo| sci| dip| nme| pbi| hzz| upw| fdi| hzf| djw| fsj| skh| iiu| fzu| ddf| oui| tjw| gtd| wls| mtg| tye| uab| gsw| bjl| acy| rex| hsb| ult| ayf| mwf| jdy| wby| say| wsx| dhw| bfj| ifz| kdb| zny| bgf| rvg| qte| ehj| iwa| onf| udi| bij| eet| yzy| ypu|