Does the United States operate under a free enterprise system or a socialist system?
: Does the United States operate under a free enterprise system or a socialist system? Under free enterprise people are allowed to own property, such as their house and land. Advocates of free enterprise believe that if something is owned by you alone, you are more likely to take care of it than if it were owned by you and others or owned by the government. A socialist view believes that it would be better for the government to own most of the non-labor property in the economy, such as factories, raw materials, and machinery. Socialists believe that the government would be more likely that private individuals to make sure this property was used for the benefit of many instead of a few. Mixed Economies : Mixed Economies A country’s economic system may contain some parts of free enterprise and socialism (mixed economies). The U.S. is considered to have a free enterprise economic system. Most of the resources are owned by private individuals, and not overall economic plans determine the u
