This country's businesses are largely privately owned and independent. There are increasing
amounts of government involvement in the financial sectors.

privately owned and independent.

Explanation:

United States economy was run under the free market system. Meaning that the majority of the industries are controlled by the private sectors. In this system, the government only act as a regulatory medium to ensure that all private sectors compete fairly.

Out of the 27 million businesses organizations in United States, only 1% of them are listed in the stock exchange. 99 % of these businesses are privately owned.

it is a better alternative

answer; no longer than a reasonable period of time;