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jok3333 [9.3K]
3 years ago
10

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

History
2 answers:
Strike441 [17]3 years ago
7 0

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.

lord [1]3 years ago
5 0

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.

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