The United States can be described as a __________ economy, with both private and government ownership.

Question

Quizplus · Accepted Answer

The United States has a mixed economy, meaning that it has aspects of both capitalism and socialism. While there is a strong emphasis on private ownership and free markets, the government also plays a significant role in regulating and providing services in certain areas such as healthcare, education, and infrastructure. This combination of private and public ownership and control is characteristic of a mixed economy.

The United States Can Be Described as a __________ Economy