Question

Why is the u.s. economy described as a mixed economy​

Answer 1

The United States is said to have a mixed economy because privately owned businesses and government both play important roles.

Answer 2

The United States economy is described as mixed an economy because in United States economy is mixed as government added laws and regulations.

Explanation:

• In the present-day, most of the wold countries are following the Mixed Economy and The United States of America is also follows the system of Mixed Economy. rather than follow the pure form of capitalism we use government as well as the market to allocate resources.
• The Mixed economy is an economy where private firms run most of the business and later the government of the particular country intervenes in areas like provision of the regulation legal right to private property and public services which include waste control, health care, and education.