How would you define amreican capitalism? explain. 2 paragraph at least

Capitalism is an economic system in which private individuals or businesses own capital goods. ... Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls.

Explanation:

Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector.

Capitalism depends on the enforcement of private property rights, which provide incentives for investment in and productive use of productive capital.

Capitalism developed historically out of previous systems of feudalism and mercantilism in Europe, and dramatically expanded industrialization and the large-scale availability of mass-market consumer goods.

Pure capitalism can be contrasted with pure socialism (where all means of production are collective or state-owned) and mixed economies (which lie on a continuum between pure capitalism and pure socialism).

The real-world practice of capitalism typically involves some degree of so-called “crony capitalism” due to demands from business for favorable government intervention and governments’ incentive to intervene in the economy.

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