What is America's economic system known as?

Answer The United States operates as a market economy, also known as a form of capitalism. In a market economy, private firms, public firms and consumers determine the prices, demand and supply of goods a... Read More »

Top Q&A For: What is America's economic system known as

What is the U.S. economic system?

The U.S. economic system is the largest in the world as of 2009, with a gross domestic product of roughly $14.2 trillion. Much of this success lies in its limited control of the private sector, pro... Read More »

What economic system is used in the USA?

The United States is a market-oriented economy. According to Auburn University's "Glossary of Political Terms," a market economy is one that is regulated by the laws of supply and demand, rather th... Read More »

Economic System Activities?

Economic systems consist of much more than just stock prices. They are entire regimes with a multitude of mechanisms to facilitate orderly transactions between businesses, customers, and investors.... Read More »

What is a subsistence economic system?

A subsistence economy is one in which people cooperate with nature and one another to obtain the food and shelter they need to survive. This type of economy relies on hunting, farming and building ... Read More »