what kind of economy does the us have

The United States has a mixed economy , which combines elements of both capitalism and socialism. It functions primarily as a free market economy where private individuals and businesses operate with economic freedom, but the government also intervenes in certain areas to regulate and provide public services for the common good. This includes government control or regulation in sectors such as education, healthcare, defense, and infrastructure. The U.S. economy is highly developed, diversified, and driven by high productivity, innovation, and a large consumer market. It is the world's largest economy by nominal GDP, with a strong presence of both manufacturing and service industries, supported by a flexible labor market and advanced technology.