Types of Economies

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What type of economic system does the United States have?

Who makes decisions for the public sector in a mixed economy?

In the United States economy, business owners are allowed to keep all earnings they make after all expenses have been paid. What are these earnings called?

The government controls the means of production in what economic system?

What does the interaction between supply and demand decide?

Business, individuals, and government make economic decisions in which economic system?

All of the following are characteristics of a free market economy EXCEPT

Private ownership of property and resources is a characteristic of what type of economic system?