explain why the U.S. is a mixed economy?

Question

economis final help thanks

explain HOW the U.S. is a mixed economy?

Answer 1

There is not one single definition for a mixed economy, but relevant aspects include; a degree of private economic freedom (including privately owned industry) intermingled with centralized economic planning (which may include intervention for environmentalism and social welfare, or state ownership of some of means of production).

There is not a consensus on which economies are capitalist, socialist, or mixed. For example, while many would call the economy in the U.S. capitalist, others call it mixed. According to economic and business historian Robert Hessen: "a fully free economy (true laissez-faire) never has existed, but governmental authority over economic activity has sharply increased since the eighteenth century, and especially since the Great Depression. Today the United States, once the citadel of capitalism, is a 'mixed economy' in which government bestows favors and imposes restrictions with no clear or consistent principle in mind."

Answer 2

The United States is not a complete laissez-faire capitalist economy. Meaning, the government has some control and sets some standards on the way certain things are run...ie, tariffs, taxes, SEC, etc, etc...

that's extremely basic, I hope other people have better answers for you

Answer 3

Because it has governments (federal, state, and local) that are involved in direct production of goods and (mostly) services. The volumes and prices of such production are determined not by supply and demand, but by the policy objectives of the government in question.