what is the economic system in the united states

The economic system in the United States is a mixed economy, exhibiting characteristics of both capitalism and socialism. It combines elements of the market and command economic models. In terms of consumer goods and business services, the U.S. economy operates as a free market, while in terms of defense and certain aspects of retirement benefits and medical care, it operates as a command economy. The government regulates these activities and, along with the Constitution, intervenes in economic activities to achieve social aims