What Kind of Economy Does U.S. Have?

1. Definition : economy

Economy: Noun.

1). thrifty management; frugality in the expenditure or consumption of money, materials, etc.

2). an act or means of thrifty saving; a saving:

3). the management of the resources of a community, country, etc., especially with a view to its productivity.

4). the prosperity or earnings of a place:

5). the disposition or regulation of the parts or functions of any organic whole; an organized system or method.

6). the efficient, sparing, or concise use of something:

Example: In 2008, the economy took a real down turn, causing the loss of jobs and money everywhere.

Economy: Adjective

1) intended to save money:

2) costing less to make, buy, or operate:

3) of or relating to economy class:

Example: He is driving an economy car.

Economy: adverb

1) in economy-class accommodations, or by economy-class conveyance;

2. What kind of economy does U.S. have?

Economy system in United States is capitalism. But it seems it is becoming more mixed because more and more government role involved in these days, especially after the 2008 economic crisis.

The government stimulates policy and the Fed’s quantitative easing policy made it more like a command economy. The government seems to provide more and more subsidies which in some way helping the poor or those in real needs but it also disturbed the really market economy. Government’s role in the economy will just like a pain-killer pill. It is very easy to be addicted to. It ruined the economy’s self-healing system. But without it, the poor people will surfer more. It is very hard to say that it is good or not because economy is not possible to adopt the “trial and error” method.

3. Definition: wealth noun

1) a great quantity or store of money, valuable possessions, property, or other riches:

2). an abundance or profusion of anything; plentiful amount:

3) Economics. (All things that have a monetary or exchange value. All things that...