Final answer:
Private property rights and decentralized decision making are primary characteristics of a market economy or a capitalist economy.
Step-by-step explanation:
Private property rights and decentralized decision making are primary characteristics of a market economy or a capitalist economy. In a market economy, individuals and firms have private ownership of resources, allowing them to make decisions about what to produce and coordinating through markets.
Governments in a market economy have limited roles, usually focused on enforcing private property rights.