Even if all of Barack's Obama's proposals were adopted, the United States would remain a capitalist country. Let's be clear what we mean. Roughly speaking, capitalism implies that markets and market transactions are the principal drivers of economic activity.
In this way, what is the economic system used in the United States?
Economic Systems. There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism. The United States has a capitalistic system.
What type of economic system does the United States operate as?
United States is essentially a mixed economy as mentioned and although it is regarded as a capitalist regime it does not entirely fulfill the requirements to be referred as such.
Is the United States a mixed economy?
A Mixed Economy-The Us System. The economic system of the United States is principally one of private ownership. This system, often referred to as a "free enterprise system," can be contrasted with a socialist economic system, which depends heavily on government planning and public ownership of the means of production.