as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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describe the economic system of the united states.
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the united states operates under a mixed economy, which is a system that combines free-market capitalism with governmental, economic regulations. this system allows businesses to compete in a free, competitive market while protecting consumers and providing employment and safety regulations. additionally, the government provides social services, including education, health care and infrastructure. in this way, it seeks to balance the needs of both the market and society.
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