What type of economy does the United States have?
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What type of economy does the United States have?
The United States has a mixed economy. This means it combines elements of both capitalism and government intervention. In a mixed economy, individuals and businesses own the majority of resources and operate in a competitive market, while the government regulates certain aspects of the economy to promote fairness, stability, and public welfare. This balance allows for innovation and growth while providing safety nets and regulations to protect consumers and the environment.