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| | United States - Facts, Information, and Encyclopedia Reference article |
 | | In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. |
 | | In most states, all students must attend mandatory schooling starting with kindergarten, which children normally enter at age 5, and following through 12th grade, which is normally completed at age 18 (although in some states, students are permitted to drop out upon the age of 16 with the permission of their parents/guardians). |
 | | American colleges and universities range from highly competitive schools, both private (such as Harvard University, Columbia University, and Princeton University) and public (such as the University of California, Berkeley and the University of Virginia), to hundreds of local community colleges with open admission policies. |
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