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Jun 12, 2024

[Answer] What is the economic system of the United States?

Step 1 : Introduction to the question "What is the economic system of the United States?"



...The U.S. is a mixed economy, which means that it embraces the free market when it comes to capital use but employs government regulation and intervention on behalf of the public good — it exhibits the characteristics of both capitalism and socialism. A market economy is when the prices of goods and services are determined by the interactions of the country’s citizens and businesses; a traditional economy centers around time-honored beliefs; and a command economy is regulated by the government.




Step 2 : Answer to the question "What is the economic system of the United States?"



Mixed economy:


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Step 3 : Disclaimer & Terms of Use regarding the question "What is the economic system of the United States?"


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