147k views
4 votes
How could the United States economy be characterized?

1 Answer

5 votes

Answer: The United States is often described as a "capitalist" economy, a term coined by 19th-century German economist and social theorist Karl Marx to describe a system in which a small group of people who control large amounts of money, or capital, make the most important economic decisions.

Step-by-step explanation:

User Gustavo Alves
by
4.5k points