Question

Why do economists describe the US economy as a mixed-market economy?

Answer 1

Citizens have economic freedoms with some government regulation

Step-by-step explanation:

In mixed economy, the resource management in country is handled by both the government and the private sectors.

This allow the citizens to have economic freedoms in choosing the type of goods or service they want to produce, but limited with government regulation in order to help the competition run more fairly.

Answer 2

The United States is described as a mixed market economy because there is both government and private interaction in the macroeconomy of the U.S. The Government regulates and promotes certain economic activity and the private sector also actively takes a role in the economy as well.