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The economy of the United States is the world's largest national economy. Its nominal GDP was estimated to be nearly $14.7 trillion in 2010,[1] approximately a quarter of nominal global GDP.[15][16] Its GDP at purchasing power parity was also the largest in the world, approximately a fifth of global GDP at purchasing power parity.[15] The U.S. economy also maintains a very high level of output per capita. In 2010, it was estimated to have a per capita GDP (PPP) of $47,284, the 7th highest in the world. The U.S is the largest trading nation in the world. Its three largest trading partners as of 2010 are Canada, China and Mexico.
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What economic characteristics does a centrally planned economy oppose that a market economy encourages?
Hhi
Why is the US economic system called a mixed economy?
The characteristics of a market economy and command economy combine to form a mixed economy. It incorporates elements of both socialism and capitalism. In a mixed economy, state- owned enterprises and privately owned enterprises co-exist. The economic activities in such an economic system are controlled neither by the business entities that comprise market forces nor by the government. In a mixed economy, both of these come together and ensure economic development.
What is economic system in the US is called an?
A mixed economy
What economic systems does US use?
The US of A has a mixed economy - a combination of market economy and command 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".
What economic characteristics does a centrally planned economy oppose that a market economy encourages?
Hhi
Why is the US economic system called a mixed economy?
The characteristics of a market economy and command economy combine to form a mixed economy. It incorporates elements of both socialism and capitalism. In a mixed economy, state- owned enterprises and privately owned enterprises co-exist. The economic activities in such an economic system are controlled neither by the business entities that comprise market forces nor by the government. In a mixed economy, both of these come together and ensure economic development.
What is economic system in the US is called an?
A mixed economy
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 economic systems does US use?
The US of A has a mixed economy - a combination of market economy and command 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".
What are the characteristics of a mixed economy then analyze with regard to South Africa its efficiency in terms of socioeconomic services?
Efficiency of mixed economy in terms of socio-economic services
What does a down term in US economy mean?
Recession of the economy, or falling part of one economic circle.
Where is the US mixed economy on the economic spectrum?
in the middle, but close to the capitalism.
The US economy is a mixture of which two economic systems?
Mixed and market
What economic system we live in the US?
In America, we live in a mixed economy.
What is the 5 characteristics of the US economy?
Mixed economy Consumer sovereignty Competition Private property Free market
