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American Economy Vs Mixed Economic System

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The American economic is a capitalist system, butt it is also considered a mixed economy, because individuals and corporations own the means of production. The government is involved through regulations, taxation and other means. It is also responsible to place restrictions on businesses such as the minimum wage or maximum working hours, requiring businesses to pay taxes. The mixed economy also has polices and laws regulated by the government to protect consumers from monopolies.
This economic system has three basic characteristics: the protection to private property, a free market and the laws of supply and demand to fix prices, and it is driven by the motivation of individuals. The system allows consumers, producers and the government to

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