UNDERSTANDING THE US MARKET ECONOMY.pdf - UNDERSTANDING A...

UNDERSTANDING A MIXED ECONOMY
Read the following article from wisegeek.com and answer the following
questions:
A mixed economy is one in which there is a mixture of free enterprise and
government control. Most of the developed countries of the world have a mixed
economy.
In a typical mixed economy, the government may run such things as the postal
service, rail lines, libraries, and in some cases, the health care service. Even in
industries which are not owned or run by the government, its influence is very
noticeable in the form of taxes and regulations like wage controls.
The economy of the United States is one of the more prominent examples of a
mixed economy in the world. This is so because both private enterprise and
government regulation have come to be integral and important to the economy as
it now stands.
In the U.S. businesses reserve the right to incorporate, and to employ and deny
employment to whoever they wish, provided they do not engage in discrimination
or other illegal employment practices.