Question

20 POINTS

Using what we learned about economic Ideologies, what type of industrial economy do you think Modern America most resembles, Capitalism or Socialism and Why.
Answers should be 1-3 minutes long feel free to use visuals to help out.

Answer 1

mixed economy,

Step-by-step explanation:

Major Takeaways. With elements of both capitalism and socialism, the American economy is mixed. Such a mixed economy welcomes the free market when it comes to the utilization of capital but also permits governmental involvement for the benefit of the general populace.