Because the United States provides health care for the poor, regulates to some degree what is produced and sold, and sets limits on the price of certain commodities, what is the best term to describe the economy?

Question

Quizplus · Accepted Answer

Welfare capitalism is characterized by a market-based economy with some government intervention to help address social welfare issues, such as providing health care for the poor and regulating prices of goods. This system is still fundamentally capitalist, but with a greater emphasis on social responsibility and government involvement in ensuring that basic needs are met.

Because the United States Provides Health Care for the Poor