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Jamaica is a capitalist country. The government does not attempt to control the farms or factories and consumers have a choice of goods and services.

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13y ago
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paulbenn

Lvl 13
1y ago

Capitalism. Wages system, production for sale, class ownership of the means of life.

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Q: How is Jamaica's economic system similar to the US economic system?
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Why do the economic systems of other countries have in common with the economic system of the US?

Most countries have similar economic systems, which are a mixture of a free market and government regulation.


What is the economic system of the US called?

The economic system of the US is called Capitalism.


Is Accounting ingrained in your society and it is vital to your economic system in the US?

is accounting ingrained in our society and it is vital your economic system in the US?


What country has a similar economic system to the US?

Canada...they are each other's largest trading partners; together Canada & the US have the world's largest trading relationship (on a bilateral basis) in the world


The foundation of the US economic system is?

Capatilism


Most people in the US support an economic system that is?

Most people in the US support a Capitalism economic system in which you can make as much money as you like.


Do you have a free market system in the US?

The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.


What is another name for economic system in the US?

capitalism


Who established US economic system?

Alexander Hamilton


What is economic system in the US is called an?

A mixed economy


What is the name of the US economic system?

The prevailing US economic system is CAPITALISM, but there are a number of elements of corporatism, socialism, and traditional economics in the US economy, leading to it being properly termed as a "mixed economy".


In the US what role does the government play in the economic system?

the government enforces economic laws and regulations