Question by  TheIslander (26)

What type of economic system does the US have?


Answer by  DM (228)

The United States operates on a capitalism-based economy built heavily on trade balances related to the import and export of a wide range of goods and services. While capitalism by definition favors a continuum of short- and long-term gains, the last few decades of focus on short-term gains have created a recession in the US economy.


Answer by  speedyduckerbgmailcom (19)

The United States operates under a "free market" economy. This system is based on "Supply and Demand". The economy is allowed to grow and contract based on "demand conditions".

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