An economic system where the factors of production are privately owned

Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector. Capitalism depends on the enforcement of private property rights, which provide incentives for investment in and productive use of productive capital. Capitalism. Capitalism is an economic system in which the means of production are privately owned. By means of production, we mean everything—land, tools, technology, and so forth—that is needed to produce goods and services.

Explanation: hopes this helps let me know if you need any more help

answer; (you have the right of way);