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What kind of system is the economy of the United states?

Updated: 10/6/2021
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6y ago

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MARKET

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Emilia Bartell

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Q: What kind of system is the economy of the United states?
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What kind of system is the United States economy based on?

MARKET


What kind of the system is the united state?

The US is capitalist: wages system, production for sale, class ownership of the means of production.


What kind of system is the United States based on?

Democracy?


What kind of economy does US live in?

The United States says that it runs a free market economy, but if you look at the way it takes action involving businesses, its closest to a socialist economy.


What kind of economic system do the united states have?

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What kind of economy does the United Kingdom hav?

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What kind of economy does the United States of America have today?

According to Wikipedia, the United States of America has a mixed economy, which consists on the following description from Wikipedia:Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. Most mixed economies can be described as market economies with strong regulatory oversight, and many mixed economies feature a variety of government-run enterprises and governmental provision of public goods.


What kind of benefits do people receive in a market economy system In a command economy system?

are the benefits do people


What type of system divides power?

Federalism is a system of government where power is divided between the federal government and the states. The United States would be an example of this kind of government.


What is the economic system for Serbia?

Serbia is a mixed economy that is primarily capitalist in orientation, much like the United States. Serbia lacks the kind of social programs that are much more common elsewhere in Europe due to lack of government funds to maintain them.


What kind of social system does the US have?

The United States has a democratic system with a capitalist economy. It is characterized by free markets, private ownership of property, and individual liberties, with a focus on equal opportunity for its citizens. Social welfare programs exist to provide support to those in need, but the overall system emphasizes personal responsibility and self-reliance.


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