“an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market”
The competition in the free market has brought vitality to the development of social media, but it has also put pressure on people's social life to some extent. For example, due to the fierce competition, companies operating social media are constantly trying to attract more customers. The survival of the fittest between companies and social media platforms has manifested in my life in the sense that people around me tend to prioritize using more fashionable and "cool" social platforms. For example, people used to use Twitter, Facebook a few years ago, but today they may prefer to use Instagram or Douyin. If someone does not update their social media platform like their peers, they are likely to be seen as someone who is "out of touch with the times."