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dp300850 dp300850
  • 13-04-2016
  • Social Studies
Answered

Why do economists describe the us economy as a mixed market economy

Verified Answer :

WorldCitizen WorldCitizen
  • 20-04-2016

The alternatives here are the command economy and a  (pure) market economy.

The US economy is not a comman market economy because most of it is not centrally planned, as was the case in the Soviet Union.

However, The US economy is not a pure market economy because some of it is centrally regulated, for example certain substances are forbidden.

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