What is the U.S. economic system?

Answer 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 »

Top Q&A For: What is the U.S. economic system

What is a capitalist economic system?

Economic systems determine how goods and services are produced and distributed within a society. The government of each nation decides what type of economic system to follow. Capitalism is one of t... 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 »

What is the economic system of mercantilism?

Mercantilism refers to a system of economics that prevailed from the 1500s to the 1700s. Under mercantilism, nations sought to increase exports of their products and restrict foreign goods, filling... Read More »

What is the economic system of mexico?

Mexico has a free-market-based economy. While Mexico has the second largest economy in Latin America, there is great disparity between the rich and poor in the nation bordering the United States.Fr... Read More »