What is the economic system in the United States?*communistsocialistmarketdemocratic

.An economic system whereby the government controls the means of production and shares the wealth of the nation equally is called  _____________a. Communismb. Capitalism c.c. Socialismd. Oligarchy.

In which economic system is distribution done according to the principle ‘from each person according to his needs and ability’.a. Communismb. Capitalismc. Socialismd. Oligarchy.

During an economic recession, The United Provinces of Utopia government provided loans and took ownership positions the country’s primary financial institution, Bank Co. What economic system does this exemplify?Multiple Choicemodified capitalismpure capitalismlaissez-faire capitalismcommunism

One of the main characteristics of the U.S. economic system is:A.expanding the role of the government in the economy.B.reducing competition in important industries.C.forcing businesses to prioritize workers over profits.D.promoting economic freedom for consumers.

With a communist economy system:Group of answer choicesthere is complete freedom of tradeScratchconsumers can expect a mixed economic reactionScratchthere are strong incentives for workersScratchbasic industries such as railroads and utilities are owned by government, while other industries are owned by the private sectorScratchnone of the above is true