Economic Systems Questions and Answers

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Which one of the two major economic systems best describes the economy in the United States and toward which one of the four key economic systems is it moving?

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I assume that you are referring to command and market economies as the two “major economic systems.”  If so, the US is clearly best described as a market economy.  I assume that the “four key economic systems” that you are asking about are market, command, traditional, and mixed.  If so, the US is moving towards a mixed economy (in truth, it is already there).

The two major economic systems are command...

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