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levelebeasley1
levelebeasley1
05.02.2021 • 
English

The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism. A mixed economic system protects some private property and allows a level of economic freedom in the use of capital, but also allows for governments to intervene in economic activities to achieve social aims and for the public good. The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.

The U.S. government controls part of the economy with restriction and licensing requirements, which includes involvement in such areas as education, courts, roads, hospital care, and postal delivery.

The government’s role in a mixed economy can also include financial policies, such as monetary and fiscal policies.

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