A Mixed Economy: The Role of the Market. The United States is said to have a mixed economy because privately owned businesses and government both play important roles. ... When economic forces are unfettered, Americans believe, supply and demand determine the prices of goods and services.
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Answer:
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The invention of the steam engine impacted industry in a variety of ways, not the least of which involved the European exploration and colonization of the African continent. Transportation, in general, was improved, proving profitable to businesses which could now transport products easier and faster. Another change of importance involves the location needed for factories, which no longer needed close proximity to rivers for energy.