Section: American Government: Principles★ 65/20

12. What is the economic system of the United States?

Official answer

  • • Capitalism
  • • Free market economy

Why

The U.S. has a capitalist, free-market economy in which businesses and prices are largely set by private competition.

Answers verified against USCIS materials. Last checked 2026-07-17.

Official source: USCIS — 128 Civics Questions and Answers (2025)