Private individuals own the factors of production and may use them to earn a profit. Choose Traditional Communism Capitalism Socialism 5 point Jes, so people aren't motivated by profit. 5 point 5 point

## Step 1<br />The question is asking us to identify the economic system where private individuals own the factors of production and use them to earn a profit. The options provided are Traditional, Communism, Capitalism, and Socialism.<br /><br />## Step 2<br />In a traditional economy, economic decisions are based on customs and traditions. This does not match the description given in the question.<br /><br />## Step 3<br />In a communist economy, the means of production are owned by the community as a whole. This also does not match the description given in the question.<br /><br />## Step 4<br />In a socialist economy, the means of production are owned by the community as a whole, but there is a focus on equal distribution of wealth. This also does not match the description given in the question.<br /><br />## Step 5<br />In a capitalist economy, private individuals own the factors of production and use them to earn a profit. This matches the description given in the question.