Which economic system where the factors of production are privately owned

Capitalism is the economic system wherein the means of production are privately owned. This differs from Socialism wherein the means of production are collectively owned. Airlines are a classic example of this. In the United States, a capitalist system, airlines are privately owned and work with the government to operate. In other countries, however, there may only be one airline per country and it is owned by the government.

the magna carta is a peace treaty between the king and the rebels. it was made because the the barons captured london in may 1215, so the king was forced to make a treaty with them.the document is written in latin.

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the correct answer is the following is a list of inventions made in the medieval islamic world, especially during the "islamic golden age" (8th to 13th centuries),[1][2] as well as the late medieval period, especially in the emirate of granada and the ottoman empire.

science and technology in the islamic world adopted and preserved knowledge and technologies from contemporary and earlier civilizations, including persia, india, china, and greece-roman antiquity, while making a number of improvements and innovations.