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The traits would be that of property ownership, free enterprise, market mechanism and limited government role.

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13y ago

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What types of economic systems exist throughout the world today?

capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy


What is another name for market system?

capitalism


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 term for free- market system?

Capitalism as found in textbooks. Capitalism in the real world never comes anywhere near a ‘free market’.


Is the US's economic system true capitalism?

No the US has a mixed economy with both socialism and capitalism traits. We have a free market like in capitalism however we also have social security and medicare as well as now universal health care which are all socialism traits. Not all capitalism is good and all socialism isnt all that great either. You want a good mix of both.


What economic system does Chile have?

A Market system (also known as capitalism)


What is another term for a market economic system?

Capitalism


What is the political system used in market economy?

capitalism


Another term for a market economic system is?

I'm not really sure but i think its capitalism


What economic system is characterized by private property and a market economy?

CAPITALISM


The economic system America has is called what?

Free market capitalism.


What kind of system does the US have?

Capitalism Free Market Economy