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American GovernmentPrinciples of American DemocracyIncluded in the 65+ reduced set
What is the economic system of the United States?
Accepted answers:
- Capitalism
- Free market economy
Why this is the correct answer
In the United States, most businesses and industries are privately owned, and prices are largely set by supply and demand rather than the government. This system, called capitalism or a free market economy, has shaped how Americans work, invest, and trade since the nation's founding.
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