List the 6 characteristics of american economy and explain how they help the economy grow

1 answer:

7 0

Free market- a large selection of products is available
limited gov. power- gov. can't define what you can or can't buy/ sell
some gov role -make sure products are fresh and no sell/ buy slave/ mistreated animals
competition- keep quality high and prices low
private ownership- you can "own" things, as long as you pay no one can take away from you
free business- any one can be a store owner as long as you pay for good and license, anyone can sell

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