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The United States has a modified free enterprise system that combines market principles with some government intervention to regulate the economy.
The United States can best be described as having a modified free enterprise system.
Most economies in the real world are mixed, combining elements of command and market systems. The U.S. economy leans towards the market-oriented end of the spectrum, with a greater emphasis on free enterprise and relatively less government intervention compared to countries with command economies.
In a modified free enterprise system, the government plays a role in regulating certain aspects of the economy to ensure fair competition and protect consumers, while still allowing businesses the freedom to operate within a predominantly market-driven framework.
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