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

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asked May 15, 2018 94.3k views

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Swan · Answer 1 · 2018-05-19T03:56:24+0000

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!

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

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