The citizens of the united states live and work in a
closed economy.
command economy.
mixed market economy.
pure market economy.

The citizens of United States live and work in a mixed market economy.

Further ExplanationMixed market economic system  It is a combination of command economic system and market economy. The market in this case is less free of government with the exceptions of crucial areas such as defense and transport.Mixed economic system incorporates capitalist and socialist policies. Individuals are permitted to carry out private and personal businesses while the state acts in certain crucial areas such as transport and defense.Other Types of Economic systemCommand economy  This is a type of economy in which a centralized power controls the bigger part of the economic system.This type of economy creates a healthy supply of resources and rewards to people at prices that are affordable. Critical utilities such as aviation, railroads, etc. are owned by the government.Market Economic system  This is a free market economy in which households and firms determine how resources are allocated and what goods are produced and who the buyers are.There is a separation of the government and the market which prevents the government from becoming too powerful.Traditional economic system  It is a type of economic system where a surplus is rare since each member has a more specific role. They system is closely associated to land through farming.These type of economic system or societies are socially satisfied. However, this type of economic system lack access to technology and medicine.

Keywords: Economic systems, mixed market economic systems

Learn more aboutEconomic system: linkTypes of economic systems: linkMixed economy system: link

Level; High school

Subject: History

Topic: Economic systems