Why does the us and Canada have a free market economy?

The U.S. and Canada have a free market economy primarily due to their historical emphasis on capitalism, entrepreneurship, and individual freedoms. Both nations prioritize private property rights, minimal government intervention in business, and competition, which fosters innovation and efficiency. Additionally, their economic systems are supported by stable legal frameworks and regulatory environments that encourage investment and trade. This combination promotes economic growth and consumer choice, hallmarks of a free market economy.