Before revision: Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, recognition of property rights, self-interest, economic freedom, meritocracy, work ethic, consumer sovereignty, economic efficiency, limited role of government, profit motive, entrepreneurship, commodification, voluntary exchange, wage labor, production of commodities and services, and focus on innovation and economic growth.
After revision: financial infrastructure of money and investment that makes possible credit and debt,Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, recognition of property rights, self-interest, economic freedom, meritocracy, work ethic, consumer sovereignty, economic efficiency, limited role of government, profit motive, entrepreneurship, commodification, voluntary exchange, wage labor, production of commodities and services, and focus on innovation and economic growth.