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The US is not truly a capitalist country but isn't socialist either. There are government regulations that intrude upon business and the economy as well as government monopolies for some goods/services and granted monopolies for others. There are also various government wealth redistribution programs.

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βˆ™ 16y ago
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βˆ™ 15y ago

Economically, the US has many different industries from energy to agriculture. It has refineries in the south, large commercial farms throughout, and the auto industry in the north. Compared to the one-product economies such as those Middle Eastern countries which depend almost entirely on oil, or like a few Latin American countries who had depended on coffee a few years ago. China is another great example. A few years ago with Mao Zedong, he instituted the Great Leap Forward which tried to transform their (nearly entirely agricultural) economy into a manufacturing economy. When that failed, they had nothing left. No other industries - nothing! So not only does the US has the largest economy in the world (as of now), but they have the most diverse. It helps that many global corporations from every field center their operations or have some sort of base in the US. Hope that helps explain it.

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βˆ™ 12y ago

The Federal/State and local governments own various sectors (Post office, Amtrak, several utilities) and are heavily involved in national R&D, regulation of enterprises and the market and are chiefly responsible for investment in infrastructure. Large national corporations (Boeing, Semtech etc.) that are considered vital assets receive subsidies and other benefits and the very important defence sector is co-managed/funded by the Federal government (but is privately owned)

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βˆ™ 13y ago

A mixed economy is one that has both socialist aspects and one that has capitalistic aspects.

In fact, there has never been such a thing as a pure capitalistic economy.

In the case of America, such socialist aspects as diverse as regulation, taxes, and spending enforce themselves on a mainly capitalistic economy to create a mixed economy.

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βˆ™ 13y ago

A mixed economy is one that has both socialist aspects and one that has capitalistic aspects.

In fact, there has never been such a thing as a pure capitalistic economy.

In the case of America, such socialist aspects as diverse as regulation, taxes, and spending enforce themselves on a mainly capitalistic economy to create a mixed economy.

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βˆ™ 9y ago

The United States has a mixed economy because everyone makes varying amounts of money. This puts people in different social classes and financial groups.

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paulbenn

Lvl 13
βˆ™ 2y ago

It doesn’t: the US is capitalist.

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Q: Why does the United States have a mixed economy?
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