Question

Explain why the US economy is referred to as a mixed market.

Answer 1

Explanation:

The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism. ... A "true" or "absolute" free market economy requires that all property be owned by private individuals and all goods and services be privately provided.

A mixed economy has some characteristics of a command economy in strategic areas. It allows the federal government to safeguard its people and its market. The government has a large role in the military, international trade, and national transportation. ... Other mixed economies allow the government to own key industries.

Answer 2

The  U.S economy is referred to as a mixed market because Privately owned businesses and government both play important roles. When Americans believe, supply and demand determine the prices of good and services.