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The U.S. economic system is based on the idea of a free market (or capitalist) economy, where there is no government regulation of the economy. A free market economy means consumers and businesspeople make choices about what should be manufactured and sold and anyone who has enough money can buy anything they want. However, the U.S. economic system also has aspects of a command economy (which uses government regulation), because the government controls some things (such as requiring cars to have safety features).
Wiki User
∙ 15y ago
Wiki User
∙ 12y agoA market economy.
The economy of the United Kingdom is the sixth-largest national economy in the world measured by nominal GDP and seventh-largest measured by purchasing power parity (PPP), and the third-largest in Europe measured by nominal GDP (after Germany and France) and second-largest measured by PPP (after Germany).
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Wiki User
∙ 6y agoThe UK has a limited regulated free market economy, somewhere between the US and continental Europe.
Wiki User
∙ 13y agoPounds sterling. Pounds are worth about $2 in American money. and what else??
Wiki User
∙ 8y agoMany people says its Federal Republic. No that is not right! Its actually Parliamentary Democracy and Unitary!
Wiki User
∙ 8y agoThe United Kingdom has a MIXED ECONOMY that is predominantly capitalist with some aspects of socialist policy.
Wiki User
∙ 14y agoi believe its a market economy.
Wiki User
∙ 12y agoFree market economy.
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United kingdom economic system?
The United Kingdom is a First World country with an industrialized economy. It is the sixth largest economy in the world.
What kind of system is the United States economy based on?
MARKET
What kind of economy does US live in?
The United States says that it runs a free market economy, but if you look at the way it takes action involving businesses, its closest to a socialist economy.
What type of economy does the United States have?
The economy of the United States is a mixed economy.
What kind of economy does Belgium have?
The kind of economy that Belgium has is a mixed economy. This is a capitalist economy which has involvement of the government.
What kind of economy does the United Kingdom hav?
A free market economy
United kingdom economic system?
The United Kingdom is a First World country with an industrialized economy. It is the sixth largest economy in the world.
How many economy districts are there in the United Kingdom?
The United Kingdom is comprised of England, Scotland, Wales and Northern Ireland and each has its own economy.
What kind of festivals do United Kingdom celebrate?
What kind of festivals do United Kingdom celebrate
What is a characteristic that best describes United Kingdom's economy?
Traditional
What countries practice a mixed economy?
The United States, United Kingdom, and Canada are among the countries that have a mixed economy. A mixed economy is practiced in Japan and Australia.
What kind of system is the economy of the United states?
MARKET
What do the economic system in the united kingdom Germany and Russia have in common?
They all have market economy!:)
What kind of system is the United States economy based on?
MARKET
What economy does the UK have?
The United Kingdom's economy has a total gross domestic product of about $2.15 trillion in 2009, making it the world's seventh largest.
What kind of government exists in United Kingdom?
a dumb one
What is the rank of England's economy?
The rank of England's economy is the 20th in the world. The economy of United Kingdom is the world's sixth largest in terms of nominal GDP and purchasing power parity.
