While the United States has significant economic freedom for buyers and sellers, it does not have a pure ____ economy. Because the government regulates some aspects of the United States' economy, it can be called a _ economy. Market, command Market, mixed Traditional, mixed Mixed, traditional Mixed, command

This is an economic system that depends on only the market in allocating resources. Also, the government has no decision in economic decisions. The market is also responsible for answering the three questions on what to produce?, how to produce ? And for whom to produce?. In United state, this system or type of market is not practiced as United States government regulates the economy. Instead, the system practiced is more of a MIXED ECONOMY.

Mixed economy

This is a system that combines both capitalism and socialism. Here it consists of both private and public companies, both having control of owning, making, selling and exchanging goods and services in the country. It allows level of economic freedom but most importantly here, it allows government to interfere in the economic activities in order to achieve social goals. This is the category the US falls under.