1. 4 key Institution s of Capitalism
Institution: established behavior practices and patterns that form the foundation for community life. Think about education…teacher, classroom of students, homework, paid for by govt., etc

2. it exists where, when, and however buyers and sellers interact to exchange goods, services, or resources
based on voluntary exchange
Flexible pries that change in response to changes in supply and demand
Markets

3. Rights of people to themselves(including the value of their labor) and their possessions
Private property

4. Both the governors and the governed are subject to the law.
Rule of law

5. People who are motivated by profit to assume the risk of production
People who are motivated by profit to assume the risk of production.. An important tool is this is innovation
Entrepreneurship