0
Still curious? Ask our experts.
Chat with our AI personalities
Rene
Judy
JordanAdd your answer:
Earn +20 pts
Which type economy does the US have?
The US has an open economy. This type of economy has a capitalist nature.
Does the US have a communist government or capitalist?
YES. The US is a mixed economy, but is primarily a free-market capitalist economy. Most businesses are owned by private individuals and the government does not control investment or business choices.
Does France have a democratic socialist economy?
France is capitalist: class system, wage labour, production for sale at a profit.
Why is Laizzez-faire important?
Depends who you ask. Laissez-faire advocates will say that state interference is messing with companies' ability to be truly competitive with each other and that this will disadvantage the economy. The opposite will say that state interference is necessary because of the competitiveness between companies, and that the economy needs to be kept in check to some extent in order not to harm the people. There is no agreement on whether or not either way is true, there is no agreement on how much the economy needs to be kept in check. As a result, all western countries have a mixed capitalist economy.
How do independent regulatory agencies influence the U.S. government?
they independently create and enforce policies to monitor the economy
