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According to Wikipedia, the United States of America has a mixed economy, which consists on the following description from Wikipedia: Mixed economy is an economic system in w â¦ hich both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.
Economic Overview of the United States. Despite facing challenges at the domestic level along with a rapidly transforming global landscape, the U.S. economy is still the largest and most important in the world. The U.S. economy represents about 20% of total global output, and is still larger than that of China.