describe the type of economy that the united states operates under.

The United States operates under a mixed economy system. This system combines elements of both capitalism and socialism , featuring a primarily free-market economy with significant government intervention and regulation. In this mixed economy, private ownership and market-driven supply and demand largely determine production and prices, but the government plays an important role in regulating industries, enforcing laws, providing public goods and social welfare, and stabilizing the economy through monetary and fiscal policies. This balance aims to harness the efficiencies and innovation of capitalism while addressing market failures and social needs through government oversight and interventions.