<P> The economy of the United States is a highly developed mixed economy . It is the world 's largest economy by nominal GDP and the second - largest by purchasing power parity ( PPP ) . It also has the world 's seventh - highest per capita GDP ( nominal ) and the eleventh - highest per capita GDP ( PPP ) in 2016 . The US has a highly diversified , world - leading industrial sector . It is also a high - technology innovator with the second - largest industrial output in the world . The U.S. dollar is the currency most used in international transactions and is the world 's foremost reserve currency , backed by its science and technology , its military , the full faith of the U.S. government to reimburse its debts , its central role in a range of international institutions since World War II , and the petrodollar system . Several countries use it as their official currency , and in many others , it is the de facto currency . Its largest trading partners are China , Canada , Mexico , Japan , Germany , South Korea , United Kingdom , France , India , and Taiwan . </P>
<P> The economy of the United States is a highly developed mixed economy . It is the world 's largest economy by nominal GDP and the second - largest by purchasing power parity ( PPP ) . It also has the world 's seventh - highest per capita GDP ( nominal ) and the eleventh - highest per capita GDP ( PPP ) in 2016 . The US has a highly diversified , world - leading industrial sector . It is also a high - technology innovator with the second - largest industrial output in the world . The U.S. dollar is the currency most used in international transactions and is the world 's foremost reserve currency , backed by its science and technology , its military , the full faith of the U.S. government to reimburse its debts , its central role in a range of international institutions since World War II , and the petrodollar system . Several countries use it as their official currency , and in many others , it is the de facto currency . Its largest trading partners are China , Canada , Mexico , Japan , Germany , South Korea , United Kingdom , France , India , and Taiwan . </P>
what kind of economy does the usa have
what kind of economy does the usa have
a highly developed mixed economy
a highly developed mixed economy