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.
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.
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)
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.
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.
The United States has a mixed economy because everyone makes varying amounts of money. This puts people in different social classes and financial groups.
It doesnβt: the US is capitalist.
The economy of the United States is a mixed economy.
A mixed-market economy.
the Philippines is a mixed market economy. the country has many ties to the united states and is entirely dependent on the united states markets. because of this, the united states influences the Philippines to have a mixed market economy.
United States
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
The economy of the United States is a mixed economy.
America is a mixed economy
A mixed-market economy.
The United States, United Kingdom, and Canada are among the countries that have a mixed economy. A mixed economy is practiced in Japan and Australia.
the Philippines is a mixed market economy. the country has many ties to the united states and is entirely dependent on the united states markets. because of this, the united states influences the Philippines to have a mixed market economy.
United States
It would be Traditional economy because command economy would sort of be like Cuba and mixed economy would be like us (The United States).
Command economy, market economy, and traditional economy. The United States of America is a Market economy.
The United States is an example of a superpower state. It is also an example of a democracy, an example of a mixed economy and an example of a federal State.
France is an example of a country that has a mixed economy. Other examples include Sweden, Russia, and the United States.
When there is free enterprise as well as government control in a country, it is a mixed economy or dual economy. The United States is an example of this with some strong government regulation along with private enterprise.
The United States economy is still best described as a mixed economy. It is considered thus because it involves the public, private, and international sector.