What is the basic characteristic of the American economic system?

People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.

Explanation:

paul maurice zoll (july 15, 1911 – january 5, 1999) was a jewish american cardiologist and one of the pioneers in the development of the artificial cardiac pacemaker and cardiac defibrillator. he graduated from boston latin school in 1928.