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1,406 solutions
United States History: Reconstruction to the Present
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The Americans: Reconstruction to the 21st Century, Michigan Edition
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614 solutions
Which type of economic system is the United States sociology?
Capitalism. Capitalism is an economic system in which the means of production are privately owned. By means of production, we mean everything—land, tools, technology, and so forth—that is needed to produce goods and services.
Which of the following best describes the economic system found in the United States?
The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism.
What type of economic system does the United States have?
Capitalism is the economic system in the United States. It is a market economy. Capitalism means that people, not the government, own most businesses.
What is economic system in sociology?
An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.