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A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
What economy uses the equilibrium price?
a market economy
Where is command economy used?
A place that uses a command economy is North Korea.
What can Americans do to influence the economic goals of the nation?
While consumers and producers make most decisions that mold the economy, government has a powerful effect on the US economy in a last four areas, as the government uses a capital system.
What is the economic system on the US?
The United States uses a mixed free market economy allowing private enterprises to control the economy with minimal interaction from the government. More recently though, the government now owns much larger portions of the economy because of the federal bailouts.
