How does the u.s. economy differ from pure capitalism

History

1 answer:

elixir [45]3 years ago

6 0

Almost 20% of the United States GDP is actually made up of Government Spending.

Contrary to popular belief the United States is NOT an example of a pure capitalist state.

The government intervenes quite often to provide schools, food banks, hospitals, universities, roads and even bails out banks and large corporations. The government even has anti-competition and anti-monopoly laws.

A pure capitalist state would mean even lower intervention by the Government and a free hand of Demand and Supply.

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