Describe the characteristics of our economic system? Of the benefits and disadvantages of our free-enterprise

capitalism, which do you think are stronger? Why?

Our economic system is free market capitalism, and the benefits vastly outweigh the disadvantages. Capitalism has brought about reduced pricing in everyday items through competition, reduced pricing in large things like medical expenses through innovation (also furthered by competition), and a vast reduction in poverty in the last 50 years. Another advantage is that it requires consent on the side of both buyer and seller, without a third party like the govt. intervening.