American Enterprise

What type of economy does the US have?

The US has a "mixed economy". The economy is a mixture of socialist, command, and market.

What is a mixed economy?

A mixed economy is an economic system combining private and public enterprise.
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What is the law of supply and demand?

The law of supply and demand is an economic model of price determination in a market.
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What is capitalism?

Capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
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What are other forms of economies worldwide?

Traditional economic system, scarcity, command.
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