Question

Which of the following best describes the United States? It has a market economy with no government regulation. This is the only system that can work with a government run by the people. It has a command economy. A large nation like the United States needs the government to control all growth of business to prevent problems. It has a traditional economy. Most communities are focused on providing their own needs with the resources available in the local area. It has a mixed economy. The government protects individual rights, such as minimum pay for work and choices in goods and services.

Answer 1

The US, like much of the free world has a mixed economy.

Capitalism with protective government regulations. Unbridled capitalism would eventually self destruct, as does pure socialism/communism.