The economic system the United States of America follows is a mixed economy, which is a market-based economic system in which the government is involved to some except. In America’s case, however, the economy is very close to being a capitalist economy, which is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state, or in other words, a free market. The government only puts a few boundaries on what can and cannot…
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