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Citizens have economic freedoms with some government regulation
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Why do economists describe the USeconomy as a mixed-market economy?
Economists describe the U.S. economy as a mixed-market economy because it combines elements of both capitalism and government intervention. In this system, private individuals and businesses make most economic decisions and own resources, while the government regulates certain aspects to promote fairness, protect public welfare, and address market failures. This includes regulations on monopolies, labor laws, and social safety nets. The coexistence of private enterprise and government involvement helps balance efficiency and equity in economic activities.
What type of economy does the United States have?
The economy of the United States is a mixed economy.
Is Turkey a market economy a command economy or is it a mixed economy?
mixed market
Compare the circular flow diagrams of a free market and mixed economy describe hoe they differ and why?
In a mixed economy, the government purchases land, labor,and capital from households in the factor market, and purchases goods and services in the product market.
Is American a mixed economy or is it a market economy?
U.S.A is a Market Economy Canada is a Mixed Economy Whoo Hoo!
What type of economy does the United States have?
The economy of the United States is a mixed economy.
Is Turkey a market economy a command economy or is it a mixed economy?
mixed market
Is American a mixed economy or is it a market economy?
U.S.A is a Market Economy Canada is a Mixed Economy Whoo Hoo!
Compare the circular flow diagrams of a free market and mixed economy describe hoe they differ and why?
In a mixed economy, the government purchases land, labor,and capital from households in the factor market, and purchases goods and services in the product market.
What term describe an economy with more than one type of economic structure?
mixed-market
Is Spain a market economy command economy or mixed?
mixed economy
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What do you call an economy that is both partly command and market?
When an economy is partly command and partly market, is called a mixed economy.
Is the US a market or mixed economy?
The U.S is a mixed economy
Is Ecuador a market command or mixed economy?
It is a Mixed Economy
What type of economic system does Tunisia have?
Algeria has a mixed economy that is slightly closer to command than market
Is turkey a market economy or command economy?
mixed market
