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What is economic system in the US is called an?

A mixed economy


A system for producing goods and services is called what?

ECONOMY! ;)


What are types of economic system?

Free economic system which is also called capitalist economy Centrally planned economic system which is also called the socialist economy Mixed economic system Military economic system


Which system involves total government control of a nation's economy?

Communism is the political system that called for government control of the economy.


A system for producing and distributing goods and services?

The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.


What political system calls for government of the economy?

Communism is the political system that called for government control of the economy.


What is the UK financial system?

The type of financial system that the UK has is called a mixed economy. The mixed economy financial system focuses more on market-based economies.


Is the economy of the US called?

Mixed Economy


What is a country's system of producing distributing and consuming goods and services called?

Economy or "economic system"


The economic system in which the government is in almost complete control of the economic activity is called?

State capitalism. Not Communism, which has no government and no wages system.


How could a country develop its economy without a large supply of mineral resources?

A country can develop its economy without a large number of mineral resources by, Exporting Manufactured goods to other countrys.


What is the economy of the US called?

Mixed Economy