2025 civics test · Question 12 of 128 · Principles of American Government★ 65/20 question
What is the economic system of the United States?
In Chinese 美国的经济制度是什么？
Official answers
- Capitalism资本主义
- Free market economy自由市场经济
Any one of these answers is accepted unless the question asks for more than one.
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Why this is the answer
The United States has a capitalist, or free market, economy. This means most businesses are privately owned, and prices and production are mainly decided by buyers and sellers in the market rather than by the government. The government still makes rules, such as consumer protection and taxes, but private choice is the main driver.