Is the USA a market economy or mixed economy

Open in App

Solution

The USA or the United States of America is a mixed economy and presents the characteristics of both socialism and capitalism.
Also read:
Capitalist Economy
MCQs on Central Problems of an Economy
Centrally Planned Economy
Open Economy Macroeconomics

Suggest Corrections

Similar questions

Distinguish between a centrally planned economy and a market economy.

Economies of U.K. and U.S.A are termed as the capitalist economy or market economy. State true or false.

Join BYJU'S Learning Program