The federal government is the main form of America's government with 50 states, a federal district, and five major territories.
The United States follows mixed economy system, including capitalism and socialism elements. When it comes to capital utilization, a mixed economy welcomes economic freedom, allowing for government involvement for the common good.
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Following a 2.3 percent profit in the third quarter, real gross domestic product (GDP) expanded at a 6.9% annual rate in the fourth quarter of 2021. An increase in exports, as well as increases in inventory investment and consumer expenditure, drove the fourth-quarter acceleration. COVID-19 instances resulted in continuous restrictions and disruptions in the functioning of enterprises in several parts of the country throughout the fourth quarter.
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Personal consumption, capital investment, government expenditure, and net exports are the four components of GDP domestic product.