What is the economic system in the United States?

1 answer:

4 0

The United States is an oligopoly, which implies that there are so few rivals in every industry that it functions exactly like a fascist monopoly-based economy, sometimes referred to as a pure capitalist economy. A democracy with strict restrictions to ensure a free market has the strongest economy (no oligopoly or monopoly). Multiple firms competing for talent results from free market competition, which raises pay for skilled positions and increases the wealth of all economic participants.

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