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Both the United States and China operate mixed economies that incorporate elements of capitalism and government intervention. Each country relies on market mechanisms to drive growth, while also maintaining regulatory frameworks to address social and economic goals. Additionally, both nations have experienced significant industrialization and globalization, leading to increased trade and investment. However, the extent and nature of government involvement in the economy differ, with China adopting a more state-driven approach compared to the US's market-oriented model.
What else can I help you with?
What is the economic system of the US called?
The economic system of the US is called Capitalism.
How did the economic system impacted china?
We mostly owe China our debt. So if we don't pay soon, they will take over US trade with Australia causing us to loose even more money. (also, China's military is expanding vigorously)
Is Accounting ingrained in your society and it is vital to your economic system in the US?
is accounting ingrained in our society and it is vital your economic system in the US?
The US promoted its economic interest in china by?
the open door policy
The foundation of the US economic system is?
Capatilism
Most people in the US support an economic system that is?
Most people in the US support a Capitalism economic system in which you can make as much money as you like.
Why the literacy rates of china is high?
china has a higher literacy rate than us because it is sufficient for economic success
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 economic system in the US is called an?
A mixed economy
What is another name for economic system in the US?
capitalism
Who established US economic system?
Alexander Hamilton
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".
