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SESK: Stuff Everyone Should Know · sesk.info/civics-economic-system

What is the economic system of the United States?

Capitalism, also called a free market economy.

  1. Feudalism
  2. Capitalism ✔
  3. Command economy

Why: In capitalism, people and private businesses own most property and make their own economic choices. USCIS also accepts free market economy. A command economy is run by the government.

Huh, didn't know that: The New York Stock Exchange traces its roots to the Buttonwood Agreement, signed under a tree in 1792.

The dad joke
Why did the dollar bill go to school? To get a little more cents.
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Sources

  1. USCIS M-1778, 128 Civics Questions and Answers (2025 version) https://www.uscis.gov/sites/default/files/document/questions-and-answers/2025-Civics-Test-128-Questions-and-Answers.pdf

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