American enterprise Day
What type of economy do we have in the United States?
In the United States we have a mixed economy. It is a mixture of socialist and market.
What is the law of supply and demand?
The law of supply and demand refers to the price based off availability and demand. If the demand is high and availability is low the price will be high.
What is capitalism?
Capitalism is an economy where few people run big businesses and the other population for for wages.