Captialism and the U.S Economy

Anonymous
timer Asked: Jul 25th, 2014
account_balance_wallet $5

Question Description

How is the U.S. economy different from a command economy?Can the U.S. economy be called a true free market economy?Discuss the ways in which the fed. government interacts w/ & regulates the U.S. economy in both a command/free market economy.

Tutor Answer

Crystal P
School: Duke University

Question 1. In a command economy business decisions are planned out and decided by the government, and in the U.S economy business decisions are decided by the businesses themselves. For example in a command economy the government would decide how much a business can make, charge, and sell. In the U.S. economy businesses have the freedom to decide how much they will make, charge and sell.

Question 2. The U.S. economy isn't a true free market economy because a true free market economy doesn't have any kind of government regulations. The U.S economy is known as a mixed economy.

flag Report DMCA
Review

Anonymous
Good stuff. Would use again.

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors