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The United States follows a market economy, contrasting with command economies and mixed economies.
The United States utilizes a market economy, which leans towards private individuals and businesses making most economic decisions. This system allows for competition, innovation, and individual choice in the marketplace.
In contrast, a command economy is where the government controls most aspects of the economy, such as production, pricing, and distribution. A mixed economy, like many real-world economies, combines elements of both market and command systems.
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