The type of economic system found in the United States, in which there is both individual ownership and individual freedom but also a significant component of the economy is controlled by the government, is best called which of the following?
A) A free market economy
B) A mixed economy
C) A competitive economy
D) A dualistic economy

Question

Quizplus · Accepted Answer

The United States operates under a mixed economy, which combines elements of both capitalism (individual ownership and freedom) and government intervention or regulation in certain sectors, balancing the benefits of a free market with the needs of society.

The Type of Economic System Found in the United States