American Enterprise

November 15

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