Which economic system best describes the United States?

A) a traditional system
B) a command system
C) a mixed system
D) a free market system

1 answer

C) a mixed system

The United States has a mixed economic system, which incorporates elements of both capitalism (a free market system) and government intervention. While it features a largely market-driven economy, the government also plays a role in regulating and influencing economic activities to address issues like market failures, public goods, and social welfare.