The correct answer is mixed market economy.
A market economy is one in which the economy is completely dictated by the consumers and producers. In this type of economy, the government does not play any type of role.
America does not have a pure market economy, as there is government regulation in our economy. For example, the federal government uses agencies like the Securities and Exchange Commission in order to monitor the stock market. Another example would be the Federal Deposit Insurance Corporation. The FDIC regulates financial institutions, like banks.
This is why the US is considered a mixed market economy, because it has elements of a command economy but primarily consists of ideas from the market economy structure.
<span><span>The Electoral College is an example of <span>indirect </span>election, or a proces in which voters in an election do not actually choose between candidates for an office but rather elect persons who will then make the choice.</span><span>American presidential elections are not decided by popular vote.</span><span>The members of the Electoral College are divided by represented states and are scaled based on the population from each state.</span></span>
