Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

A mixed economic system incorporates aspects of both centralized command and control and a decentralized pricing mechanism. Does the United States have a mixed economic system? Explain your answer.

Sagot :

Answer: Yes. The United States has a mixed economic system.

Explanation:

A mixed economic system has the features of both capitalism and socialism. It consists of both the private enterprises as well as the public enterprises.

The United States has a mixed economic system. Most of the industries that can be found in the United States are privately owned while some are owned by the government. Also, the government regulates the private companies.

The private companies have some freedom which enables them to make profit but their activities are still checkmated by the government.