What type of economy do we have in the United Sates?
The United States a mixture of three, our economy is socialist, command, and market. The economy in the U.S. is a mixture because it is made up of individuals and corporations.
What is a mixed market economy?
There is some government intervention.
What is the law of supply and demand?
Price determination in a market, the price for a good will vary until it settles at a point.
What is capitalism?
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
What are other forms of economies worldwide?
Traditional, Market, Command, Mixed