[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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