Question

Which type of economic system does the U.S. have?

a
market
b
command
c
traditional

Answer 1

The U.S. has a **market** economic system (option a). This system is characterized by the free exchange of goods and services in a competitive marketplace, where prices are determined by supply and demand. While the government does play a role in regulating certain aspects of the economy, the U.S. economy is primarily driven by private enterprise and consumer choice.