All countries have mixed economies. Identify 2 ways the US exhibits elements of a Market Economy and 2 ways the US exhibits elements of a Command Economy. Explain your answer in complete sentences.

Explanation:

To begin, note that the term market economy is used to basically describe an economy where what is been produced and the prices of the products are determined not by the government but by privately owned businesses (through demand and supply factors).

While the term command economy refers to a situation where the government alone decides prices, what to produce and how much to be produced.

Market Economy example:

Command Economy example:

the group i'm selecting: greeks.

a first group of greek immigrants came to the us in the 1850s. the second group came to america starting in the 1890s due to economic opportunities they didn't have back in their home caused by the hardships of ottoman rule. greek immigration was 90% male, many of them expected to work and return to greece after earning enough capital, but ultimately had to remain in the us after the greek genocide.