ENTREPRENEURSHIP

Detailed explanation-1: -The United States has a mixed economy . It works according to an economic system that features characteristics of both capitalism and socialism.

Detailed explanation-2: -Capitalism is the economic system in the United States. It is a market economy. Capitalism means that people, not the government, own most businesses. In the U.S., businesses decide what to sell.

Detailed explanation-3: -The U.S. economy is essentially a free market economy-an economic market that is run by supply and demand-with some government regulation.

Detailed explanation-4: -For example, the United States is a mixed economy, as it leaves ownership of the means of production in mostly private hands but incorporates elements such as subsidies for agriculture, regulation on manufacturing, and partial or full public ownership of some industries like letter delivery and national defense.

Detailed explanation-5: -The United States is said to have a mixed economy because privately owned businesses and government both play important roles. Indeed, some of the most enduring debates of American economic history focus on the relative roles of the public and private sectors.