Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Why do economists describe the us economy as a mixed market economy

Sagot :

Gibbs
The US is described as a mixed market economy because both the government and the private sector take a role in economic planning. The government doesn't completely control the economy thus it is shared with the private sector and called a mixed market economy. 
palebadgworthy

The correct answer is: "because the goverment and other economic authorities intervene in market mechanisms"

The US economy is a mixed market economy because the interactions of economic agents (households, firms and public entities) determine market outcomes: prices and amounts exchanged of the different products and services.

But these outcomes are influenced by government interventions, aiming to reach fairer ones that benefit all the agents that participate in the economy, when resources had been allocated unequally by the market mechanism alone.

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.