Characteristics of the US Capitalist Economy
Competition is producers competing for business. In this pictures the fishes compete for survival, but competition leads to rewarding the greater producer and driving the weak out of business.
This is an example of a market. This is a tuna market where the price of the tuna is determined and exchanges are made. This market also allows for competition between different fisher men.
This is an example of economic freedom. We have the right to chose where we spend our money but the consequence is that the government usually doesn't help when businesses fail. In this picture, the owners of this bakery decided to spend their money on opening a bakery but obviously it didn't work out and it closed.
This is an example of profit motive. Earning money means being able to afford more wants. This is a driving force that encourages individuals and businesses to work hard and improve.