This article will look at the seven key components of the United States economic system. Of course, the US economic system is complex, but experts like Kavan Choksi say the basic principles are easy to understand. The 7 Core Components of the United States Economic System 1. The free market system: The free market system is a system where goods and services are exchanged between buyers and sellers in an open market. As a result, the forces of supply and demand determine prices. One of the key features of the free market system is that it is a system of…
The US Economic System – A Primer – Kavan Choksi
