Assignment 2: Capitalism and the U.S. Economy

In a command or planned economy, the government, not the market, regulates the factors of production and economic activities considered essential to the function of the economy.
Economic decisions including what goods and services to produce (supply), how resources are allocated and regulated and how profits are distributed are made and implemented by the government.
How is the U.S. economy different from a command economy? Can the U.S. economy be called a true free market economy?
Explain your answer by discussing the ways in which the federal government interacts with and regulates the U.S. economy in the context of both a command and free market economy.
Provide examples and justify your conclusions. Quotations, paraphrases, and ideas you get from books or other sources of information should be cited using APA style. | PLACE YOUR ORDER NOW AT writtask.com |
Help with citing sources can be found through the Academic Resources page under the Help menu.
By the due date assigned, post your initial response in the Discussion Area below. Through the end of the module, read all of the other students’ submissions, and post substantive comments to at least two classmates.

SAMPLE SOLUTION

Capitalism and the U.S. Economy The U.S. economy is diverse and businesses have the power to make economic decisions with minimal | PLACE YOUR ORDER NOW AT writtask.com | other countries such as the Soviet Union, the government runs the command economy. The government makes various critical decisions about what businesses can produce, how much they can produce, as well as the amount to | PLACE YOUR ORDER NOW AT writtask.com | a command economy, the government offers financial support such as bail outs and incentives when businesses are affected by economic depression. On the other hand, in United States, businesses are not influenced by the…