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The US is neither, however it leans much towards Capitalism, and with the new healthcare, socialism.
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∙ 14y ago
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Is US a capitalist economy or mixed economy?
Capitalist: wages system,production for profit, class ownership.
Is a capitalist economic system compatible with a democratic political system?
A democratic political system is compatible with any economic system that the majority of the voters like. At the present time we have no pure capitalist systems, we have mixed systems, which include some elements of the free market, and some elements of socialism. Even so, the economy of the US is largely capitalist in nature, and the political system is democratic. These may not be perfectly compatible, but they have functioned together for over 200 years.
What countries have a Capitalist Economic System?
US UK Canada Japan Sweden Columbia All first world countries have a developed capitalist economic system. Most are conidered mixed capitalist, meaning a mix of free market and command capitalism. Many third world countries have undeveloped capitalist systems and some also have mixed capitalist and socialist as in several Middle East countries such as Saudi Arabia were heavy oil production is state owned but with also allowing private enterprise and property.
Did the US adopt capitalism as its economic system in 1976?
The US was capitalist long before then.
What economic systems does US use?
The US of A has a mixed economy - a combination of market economy and command economy.
Does US have a command economy?
No, the US has a market economy a result of its capitalist policies, command economies can be found in communist countries.
Is US a capitalist economy or mixed economy?
Capitalist: wages system,production for profit, class ownership.
Give a list capitalist economies in the world?
Here's your list: . Short, wasn't it? But that's right. There are ZERO pure capitalist economies in the world. In fact, in my opinion, there are prescious few that even APPROACH pure capitalism, and the US is NOT one of them.
Is a capitalist economic system compatible with a democratic political system?
A democratic political system is compatible with any economic system that the majority of the voters like. At the present time we have no pure capitalist systems, we have mixed systems, which include some elements of the free market, and some elements of socialism. Even so, the economy of the US is largely capitalist in nature, and the political system is democratic. These may not be perfectly compatible, but they have functioned together for over 200 years.
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.
Which type economy does the US have?
The US has an open economy. This type of economy has a capitalist nature.
What countries have a Capitalist Economic System?
US UK Canada Japan Sweden Columbia All first world countries have a developed capitalist economic system. Most are conidered mixed capitalist, meaning a mix of free market and command capitalism. Many third world countries have undeveloped capitalist systems and some also have mixed capitalist and socialist as in several Middle East countries such as Saudi Arabia were heavy oil production is state owned but with also allowing private enterprise and property.
Did the US adopt capitalism as its economic system in 1976?
The US was capitalist long before then.
What economic systems does US use?
The US of A has a mixed economy - a combination of market economy and command economy.
What is economy system in US?
Communist. It used to be Capitalist, but Obama changed all that.
Is the US a capitalist or socialist country?
Capitalist: production for sale, wages system, minority ownership of the means of production, class division. Socialism has none of these, and there cannot be a mix of capitalism and Socialism.
What is The economy of the US is a?
the economy of the us is a
