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which of the following best describes the united states?

it has a market economy with no government regulation. this is the only system that can work with a government run by the people.

it has a command economy. a large nation like the united states needs the government to control all growth of business to prevent problems.

it has a traditional economy. most communities are focused on providing their own needs with the resources available in the local area.

it has a mixed economy. the government protects individual rights, such as minimum pay for work and choices in goods and services.

Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency

While there are several advantages to a traditional economy, these economies are not without their disadvantages. Because these economies rely on hunting, fishing, gathering, and the land in the form of farming, when the weather changes, the economy becomes jeopardized

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions such as equal information and rational market participants cannot be achieved in practical application.

peace keepers

idealism to be spread

riches kept