Last Updated 10 Jan 2022
Why do economists describe the US economy as a mixed-market economy?
Answered by Catherine Caldwell
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Market economy implies free entrepreneurship, a critical role of the market in the regulation of economic relations, and minimal state interference in business activity. Private property has a significant impact on factors of production in the USA. However, the role of the state remains substantial in the economic life of the country; therefore, the economy can be considered as mixed-market.
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Why do economists describe the US economy as a mixed-market economy?. (2018, Mar 19). Retrieved from https://phdessay.com/why-do-economists-describe-the-us-economy-as-a-mixed-market-economy/