4 years ago

Why do economists describe the us economy as a mixed market economy

1 answer:

4 0

The alternatives here are the command economy and a (pure) market economy.

The US economy is not a comman market economy because most of it is not centrally planned, as was the case in the Soviet Union.

However, The US economy is not a pure market economy because some of it is centrally regulated, for example certain substances are forbidden.

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