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Which kind of economic system is the U.S.considered? Market Command Mixed Traditional

Pergunta

Which kind of economic system is the U.S.considered?
Market
Command
Mixed
Traditional

Which kind of economic system is the U.S.considered? Market Command Mixed Traditional

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MariVeterano · Tutor por 9 anos

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'C'

Explicação

## Step 1<br />The U.S. economic system is considered a mixed economy. This is because it incorporates elements of both market and command economies. <br /><br />## Step 2<br />In a market economy, the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand. The U.S. has a market economy in the sense that businesses and consumers drive the economy through their interactions in the marketplace.<br /><br />## Step 3<br />On the other hand, a command economy is characterized by a central authority making all decisions about the production and distribution of goods and services. The U.S. government does intervene in the economy in various ways, such as through regulations, subsidies, and the provision of public goods and services, which is a characteristic of a command economy.<br /><br />## Step 4<br />Therefore, the U.S. economic system is a mixed economy because it combines elements of both market and command economies.
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