Characteristics in a US Capitalist Economy
By Karina Miller
This is an example of a market. The price is determined while bartering. Exchange takes place between the producer and consumers.
This shows the connection to various aspects of economic freedom. People take the freedom to choose for granted. This freedom tends to drive production.
The right to private property allows people to own, use, and dispose of their own property. It also provides incentives for people to work, save money, and invest.