The United States follows _____, where private citizens own the means of production and pursue profits, but within a system of laws to protect the welfare of the population.

Question

Quizplus · Accepted Answer

State capitalism is the correct answer because it describes an economic system where the state has significant control of production and trade, yet allows for private ownership and profit pursuit within a legal framework aimed at protecting the public's welfare. This aligns with the description given, as it combines elements of capitalism with state intervention.

The United States Follows _____, Where Private Citizens Own the Means