USA CITIZENSHIP TEST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the economy of The United States
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Socialist economy
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Free market or capitalist economy
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Mixed Economy
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None of the above
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Explanation:
Detailed explanation-1: -The U.S. is often considered a highly capitalist country whose economy embodies the essence of a free market.
Detailed explanation-2: -The U.S. has a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces the free market when it comes to capital use, but it also allows for government intervention for the public good.
Detailed explanation-3: -There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism. The United States has a capitalistic system.
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