Answered

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What is the economic system in United States

Sagot :

Answer:

Capitalism

Explanation:

chisomfrancis69

The US has a mixed economy; therefore, both principles of capitalism and socialism are present within the US economic system. Capitalism is when the economy has the opportunity to function based on supply and demand with little to no government regulation. Socialism is when the government regulates industries. When the government regulates and controls the economy one hundred percent, this is a command economy. The US has a blend of both capitalism and socialism making it a mixed economy.

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