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一、长难句挑战

In the American economy, the concept of private property embraces not only the ownership of productive resources but also certain rights, including the right to determine the price of product or to make a free contract with another private individual.

二、核心词汇

property：n. 财产;房地产;性质

ownership：n. 所有(权);所有制

embrace: v. 包括，包含;拥抱，接受

contract: n. 合同，契约

productive resources 生产资料

语法考点 并列结构、非谓语动词

三、具体分析

本句的主干是the concept of private property embraces not only... but also...(私有财产的概念不仅包含...而且包含...)，其中but also certain rights(也包含某些权利)后面的现在分词短语部分 including the right to determine the price of product or to make a free contract with another private individual.(包括产品价格的决定权或者和其他个人自由签订合同的权利)是补充说明certain rights的状语，说明其范围。

四、结构导图

(In the American economy)【状语】, (the concept of private property)【主语】(embraces)【谓语】(not only the ownership of productive resources but also certain rights)【宾语】,(including the right to determine the price of product or to make a free contract with another private individual)【状语】.

五、参考译文

在美国经济中，私有财产这一概念不仅包含生产资料的所有权，而且包含某些权利，包括产品价格的决定权或和其他个人自由签订合同的权利。