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Jordan Stephens
on Nov 06, 2024

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The American economic system is best described as _____ because the government regulates business to preserve competition and protect consumers and employees.

A) socialism
B) laissez-faire capitalism
C) modified capitalism
D) communism
E) Marxism

Socialism

An economic system in which the government owns and operates basic industries but individuals own most businesses.

  • Learn about the historical changes in the American economy, particularly the move from agricultural activities to industrial endeavors.
  • Understand how industrialization and service-oriented economies have shaped modern economic systems.
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AB
Akiyyah BeardNov 13, 2024
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