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7 May, 06:04

Why do economists describe the us economy as a mixed market economy

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  1. 7 May, 08:35
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    The alternatives here are the command economy and a (pure) market economy.

    The US economy is not a comman market economy because most of it is not centrally planned, as was the case in the Soviet Union.

    However, The US economy is not a pure market economy because some of it is centrally regulated, for example certain substances are forbidden.
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