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The American economy is based on both capitalism and free enterprise. What does this mean?

The American economy is based on both capitalism and free enterprise. What does this mean?
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The American economy is based on both capitalism and free enterprise. What does this mean?

User Ryanlutgen
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Capitalism is when a country's industry is controlled by individual owners, not by the state. Free enterprise is an economic system where businesses compete without much state control. Hope this helps!
User Swan
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