The correct answer to this open question is the following.
The American free enterprise economic system reflected the respect for the individual that is basic to the American political system in that it is based on the principles and rights granted by the United States Constitution of liberty, individual rights, and property. In the United States, the Capitalist economic system allows people to earn the result of their dedicated effort, hard work, and commitment. It is a free enterprise system in which you have to compete with other companies and businesses to offer products and services at affordable prices to get the loyalty of consumers. The US federal government practically does not interfere with so many regulations and allow people and companies to compete in equal circumstances.