Capitalism

Freedom of choice

Descripition

An economic/political system in which a country's trade and industry are controlled by private owners for profits rather than by state.

Owns the means or production

Private ownership, free enterprise

The economic decisions

Any produnctive activity that individuals choose competition among business, workers and consumers freedom of choice by consumers.

Competition/profit motive

Possibility of profits.

Example:

No nation has a pure Capilalist System... US has mixed market economies; that's a set of actions, or tactics, that a company uses to promote its brand or product in the market.