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What Is America's Economic System? Free Enterprise Command Socialism Unitary

Question

What is America's economic system? Free enterprise Command Socialism Unitary

Solution

Verificación de expertos
4.7 (205 Votos)
Wanessa Veterano · Tutor por 12 anos

Resposta

The correct answer is: Free enterprise.America's economic system is primarily characterized as a free enterprise system, also known as capitalism. In this system, individuals and businesses have the freedom to operate and compete in the market with minimal government intervention. The key features of a free enterprise system include private property rights, voluntary exchange, competitive markets, and limited government involvement in economic activities. This allows for innovation, entrepreneurship, and consumer choice to drive economic growth and prosperity.