Question 12 of 12865/20 Exemption

What is the economic system of the United States?

Accepted Answers

  • • Capitalism
  • • Free market economy

Why This Matters

The U.S. has a capitalist or free market economy where private individuals and businesses own property and make economic decisions with limited government interference.

Memory Tip

Capitalism = private ownership, free markets, competition.

Category

Principles of American Government(American Government)

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