定语从句的省略问题,下句中第一个which代指什么

题目

定语从句的省略问题,下句中第一个which代指什么
The American economic system is organized around a basically private-enterprise ,(which is )market-oriented economy in which consumers largely determine what shall be produced by spending their money in the marketplace for those goods and services that they want most .

答案

代指The American economic system 整段文字可以翻译成:
美国经济体系是建立在私有企业(经济)基础上的,这种经济体系主要由消费者最需要的商品和服务(即市场需求)来决定生产!