The Basics about Our U.S Economy

Did you know that the U.S Economy is the world’s third largest economy? It is also one of the world’s most diversified economies, owing to its world-leading industrial sector. The U.S economy is said to be a mixed economy where both privately-owned businesses and the government play their respective roles. This means that it while it operates as a free market economy and allows the consumers to have a say in resource allocation, it also runs on the functions of a command economy where government takes the major decisions. But…