American Enterprise Day

By: CJ Voyles

America's Economy

  • The United States has a mixed economy. It a combination of a market economy and a command economy.
  • Compared with other parts of the world, the U.S. has a more of a free market economy, rather than a command economy.

Mixed Market Economy

  • A mixed market economy is an economic system where producers and consumers make the decisions.
  • The government does have a small part in this however.

Law of Supply and Demand

  • The law of supply and demand describes the effect that the demand of a product has on the amount of the product that the supplier might have.

Capitalism

  • Capitalism is an economic and political system in which the country's trade is controlled by private owners, rather than the state.

Worldwide Economies

  • Command economy- The government controls the entire economy.
  • Pure Market Economy- The government have no involvement in the economy at all.