American capitalism

American capitalism is an economic system based on private ownership and free markets. In this system, individuals and businesses can own property, make profits, and compete in the marketplace. Prices and production are largely determined by supply and demand, promoting innovation and efficiency. Government plays a role, regulating some aspects to ensure fair competition and protect consumers. While it encourages entrepreneurship and wealth creation, it can also lead to economic inequalities and market fluctuations. Overall, American capitalism aims to balance individual freedom with collective social goals.