Question

What type of economy exists in the United States? Briefly describe this type of economy and explain how America’s economy differs from a command economy.

Please hurry 100 points!!

Answer 1

United States is operating a mixed economy

A mixed economy operates both capitalist economy and socialist economy . A capitalist economy is a system where private individuals controls the means of production while a socialist economy is an economy where the government controls the means of production.

America's economy differs from a command economy because a command economy is a system where the Central government makes all economic decisions. eithere the government or private individuals controls the means of production.