Final answer:
The U.S. is considered to be a free enterprise economy with sovereignty because it allows individuals and businesses to own and operate their own businesses, make decisions on production and distribution, and compete in the market. The government's role is limited to enforcing laws and regulations that protect people's rights and maintain fair competition, while also providing essential public goods and services.
Step-by-step explanation:
Free enterprise refers to an economic system where individuals and private businesses have the freedom to own and control the means of production, distribute goods and services, and engage in economic activities with little government intervention. It is characterized by competition, profit motive, and private property rights. On the other hand, sovereignty refers to the supreme authority and power of a state to govern itself without interference from external forces.
The United States is considered to be a free enterprise economy with sovereignty because it allows individuals and businesses to own and operate their own businesses, make decisions on production and distribution, and compete in the market. The government's role is limited to enforcing laws and regulations that protect people's rights and maintain fair competition, while also providing essential public goods and services. The U.S. government also has the power to make decisions and policies for the country without being subject to the authority of other nations.
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