What is the economic system in the United States?

Why this is the answer

Capitalist economy and market economy are both accepted, and either one ends the question. They are two names for one system, each stressing a different feature. "Capitalist" is about ownership. In the American economy most businesses belong to private owners, not to the government, and what drives them is competition and the chance to earn a profit. "Market" is about how decisions get made. Businesses choose what to produce, how much and at what price; consumers choose what to buy, when and where; and competition, supply and demand shape both sides. USCIS describes the market as a place where prices can be negotiated, and its newer study material adds two plain points: the government does not control the economy, and people are free to start a business and make money. A market system also has hard years. The same USCIS material calls the Great Depression the worst time for the economy in American history: banks and businesses closed across the country, many people could not find work, and many lost their homes and their money. The question asks for the name of the system, though, not for a verdict on how well it is doing. The likeliest slip on this card is answering with a form of government. "Democracy" and "republic" are words about government, about how Americans choose leaders and make laws, while this question is about how goods and services are produced and sold. USCIS has also said there may be other correct answers to some questions while encouraging applicants to use the listed ones, so stick with capitalist or market economy. One of the two words is plenty; you do not need to say both. It is one of the asterisk questions, which means applicants who are 65 or older with at least 20 years as permanent residents will see it on their shorter list.