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Essay Economic Role Government Mixed Market Economy United Essay

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Economic systems are identified by how they answer the three questions of what, how, and for whom to produce. Similarly, they are theoretical representations of economies found throughout the world that demonstrate the distribution of control between people and the government. The economic systems exist on a continuum, with command economies on one side and the free markets on the other side. The United States has a free market economy but with a notable amount of government intervention, therefore it has a mixed economy. The government acts as a provider and regulator of the United States' mixed economy through setting legal limits and sensible policies for economic functions for the people.

In the United States, decisions are made by individuals acting as participants within the market. T...

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