The American economic system is best described as _______ because the government regulates business to preserve competition and protect consumers and employees.
A) socialism
B) laissez-faire capitalism
C) modified capitalism
D) communism
E) business ownership

Question

Quizplus · Accepted Answer

Because of its use of laws to regulate business and protect consumers,the American economic system can best be described as modified capitalism.

The American Economic System Is Best Described as _______ Because