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The economic system that is least like the one used in the United States is a command economy, such as that of North Korea. In a command economy, the government makes all decisions regarding production, distribution, and pricing, whereas the U.S. operates primarily under a mixed economy that emphasizes free-market principles with some government regulation. This fundamental difference in decision-making and resource allocation leads to stark contrasts in economic activity and individual freedoms.

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3d ago

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