The U.S. economic system is best described as:

Question

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The U.S. economic system is considered a mixed economy because it combines elements of capitalism and socialism. While private individuals and businesses are allowed to own property and make profits in the marketplace, the government also plays a significant role in regulating the economy, providing public goods and services, and redistributing wealth through taxes and welfare programs. The U.S. economic system is a mixed economy, as it combines elements of both capitalism and government intervention. While private individuals and businesses have the freedom to make decisions about production and consumption, the government also plays a role in regulating the economy, providing public goods and services, and enforcing laws and regulations.

The U.S. Economic System Is Best Described As