The United States has a capitalistic economic system.
People, not the government, own the majority of enterprises in a capitalist society. Businesses in the US choose what products to market. They choose the price they will charge for goods and services. People then choose what they want to purchase. We refer to this as a market economy. People, not the government, are in charge of the economy.
Many people believe that the United States has a democratic capitalism political-economic structure. A political, economic, and social system and ideology based on a tripartite structure of a market-driven economy that is predominately based on a democratic polity is known as democratic capitalism, also referred to as capitalist democracy. The three pillars are fiscal responsibility, a liberal moral-cultural system that promotes pluralism, and economic incentives through free markets.
Hence, the market economy of the United States is a mixed capitalist.
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How did European attitudes toward science change in the 1500s and 1600s?
Answer: In the mid-1500s, a profound shift in scientific thinking brought about the final break with Europe's medieval past. Called the Scientific Revolution, this movement pointed toward a future shaped by a new way of thinking about the physical universe.
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