what is the economic system in the united states?\ntraditional economy\ncommand economy\nplanned…
what is the economic system in the united states?\ntraditional economy\ncommand economy\nplanned economy\nmarket economy
Answer
Brief Explanations:
- A traditional economy is based on customs and traditions, often seen in rural or tribal settings.
- A command economy (also a planned economy) is where the government makes all economic decisions.
- A market economy is one where private individuals and businesses make decisions about production and consumption, with limited government intervention. The United States has a market - based economic system where supply and demand, along with private enterprise, play major roles.
Answer:
market economy