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The US uses a mixed market econmy, which is the idea used to combinnes, capitalism, and free martkets to make profits. This is constant because in a mixed economy there is the philosophy of Laissez-faire capitalism which is french for let be. This means that the government does not interferes with businesses making their profits as long as it is legal.

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15y ago
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paulbenn

Lvl 13
3y ago

The US is capitalist: class ownership of the means of production, production for sale, wages system, massive inequalities of wealth and power, unemployment, poverty.

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Q: What kind of economic system does the US practice?
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What is the economic system of the US called?

The economic system of the US is called Capitalism.


Was the Great Depression a historical aberration or was it a predictable outcome of the kind of economic system that existed in the US until the 1930s?

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is accounting ingrained in our society and it is vital your economic system in the US?


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Most people in the US support a Capitalism economic system in which you can make as much money as you like.


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Who established US economic system?

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Your economic system in the US is called?

it is called: Free Enterprise