ANALYZING THE NATURE OF THE US ECONOMY WHETHER AS CAPITALISTIC OR SOCIALIST

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There has been a raging debate on what really constitutes an ideal economy with the two main models being scrutinized and tossed over and over again. The main discussion on whether the US economy is guided by communism or capitalism can be examined even historically. During the cold war, the world was divided into countries that supported the communism being fronted by the Soviet Union and China while those who thought capitalism were the best way to go embraced USA. This means that capitalism

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Running head: DISCUSSION ON USA ECONOMY1ANALYZING THE NATURE OF THE US ECONOMY WHETHER AS CAPITALISTICOR SOCIALISTNAMEINSTITUTION AFFILIATIONDISCUSSION ON USA ECONOMYThere has been a raging debate on what really constitutes an ideal economy with the two mainmodels being scrutinized and tossed over and over again. The main discussion on whether theUS economy is guided by communism or capitalism can be examined even historically. Duringthe cold war, the world was divided into countries that supported the communism being frontedby the Soviet Union and China while those who thought capitalism were the best way to goembraced USA. This means that capitalism and communism have been at the forefront ofshaping economic policies for a long time.There have been changes moving forward as more and more countries have changed to reflectthe reality of the dynamism of the global ec
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