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Free Market System Research Paper

323 Words2 Pages

Even though US economy is not completely free, but I would like to say that the United State falls under the free market economy system because the costs of goods and services are mostly determined by the open market system as well as consumers. Also, within the free market economy system, the government do not have complete control over supply and demand because private organizations and buyers make majority of the market’s decisions. In addition, the direction I perceive the United States heading is toward mixed or total command market system, because the government today have some control over the economy system. For example, determining the minimum wage for workers, unemployment and healthcare benefits. Moreover, the United States of America

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