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What was the name of the two different economic system that the soviet union and the united state had?
Wiki User
∙ 8y ago
The US economy is based on a 'free enterprise' or 'free market' system although the US Government has a lot of economic rules and regulations that it enforces. But basically the US has a so-called 'market economy'.
The Communist USSR had a 'planned economy' which meant that all economic activities, often down to specific output levels for products, were centrally planned ahead by the USSR Government, usually for five-year periods.
Wiki User
∙ 10y ago
Wiki User
∙ 8y agoThe United States thinks of its economic system as Capitalism, but it does not meet the standards required for Capitalism. The USSR thinks of its economic system as Socialism -- USSR stand for the Union of Soviet Socialist Republics. But, it does not meet Karl Marx's concept of Communism.
paulbenn
State capitalism in the USSR and private capitalism in the USA.
Wiki User
∙ 6y agoSlob on my knob like corn on a cob
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What is the economic system of the United States?
The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.
What is economic law?
In the legal system of the former Soviet Union, economic law was the system under which economic relations were a legal discipline independent of criminal or civil law. In the United States and other systems, economic law roughly corresponds to what is called commercial law or business law, the body of law that applies to the rights, conduct, and relations of persons or businesses engaged in sales, commerce, trade, and the like. Approaching the question from a different view, economic "laws" may be a reference to as one example the of "law of supply & demand". Or, a more in-depth type of economic law such as the "deadweight loss of taxation".
Which economic system does the United States have?
The US has a mixed-market economic system.
What economic system does the United States practice?
I'm thinking it is Mixed
The economic system that took root in the young United states is known as?
Capitalism
What describes a major factor in the conflict that the US had with the Soviet Union during the Cold War?
The United States opposed the Soviet Union's communist system.
What was the most important factor leading to the end of the Cold War?
The United States and the Soviet Union emerged as superpowers but had very different political ideas.
What is the economic system of the united state?
The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.
What was the result of central economic planning in the soviet union?
In United States, you get to make money, back in Soviet Russia, money make you!
What is the economic system of the United States?
The economic system of the United States is a capitalistic market economy, based primarily on free enterprise.
Which nation was the worlds economic leader after World War 1?
United States
While both the US and the Soviet Union used economic stimulus to influence policy in Europe their goals were quite different. Which statement accurately contrasts the goals of the US and the Soviet Un?
Answer this question… The United States wanted to spread capitalism, while the Soviet Union hoped to spread communism
What is the communist land and business system of Russia?
United States Soviet Russa
In which way did the goals for soviet intervention in Europe different from those of the United states?
The Soviet Union wanted to encourage the spread of communist ideals, but the United States did not.
What is economic law?
In the legal system of the former Soviet Union, economic law was the system under which economic relations were a legal discipline independent of criminal or civil law. In the United States and other systems, economic law roughly corresponds to what is called commercial law or business law, the body of law that applies to the rights, conduct, and relations of persons or businesses engaged in sales, commerce, trade, and the like. Approaching the question from a different view, economic "laws" may be a reference to as one example the of "law of supply & demand". Or, a more in-depth type of economic law such as the "deadweight loss of taxation".
Which economic system does the United States have?
The US has a mixed-market economic system.
What economic system does the United States practice?
I'm thinking it is Mixed
