The United States,whose economy exhibits elements of both capitalism and socialism,has what is known as a(n)____ economy.

Question

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The term used to describe the United States' economy is "mixed," which refers to the fact that it combines elements of both capitalism (private ownership of the means of production and the free market) and socialism (government regulation and control of certain industries and public services). The economy is not fully planned, utilitarian, or nationalized, and while it does have some centralized aspects (such as the Federal Reserve's monetary policy), this is not the primary characteristic of the economy.

The United States,whose Economy Exhibits Elements of Both Capitalism and Socialism,has