The United States Economy And The Economy - 1484 Words

Every country has an economy that shows the give and go of wealth and resources between producers and consumers. Some economies are better than others; here in the United States we have been stuck in a recession, meaning our economy is declining. Even though the United States economy has been in a recession for the past 8 years, its still, if not the best compared to other countries. The United States has a mixed economy made of individual producers and consumers, this economy allows the consumers choose what goods are produced, the prices and services. The United States economy is mixed due to the fact that even though it has properties of a market economy, the economy is controlled by the government. In the United States there are both†¦show more content†¦Some of these factors are, if there is competition in the same category, the amount of goods produced, the demand for the products and more. The United States government doesn’t fully control the economy but it do es have and important impact. The government besides private businesses provides services and goods, some of these being the programs that help families in need, the military, road/highways, and some means of transportation. The government helps encourage manufacturing of goods and with some goods even discourages production, whether the good isn’t selling, lack of resources, or even for safety concerns. The United States intervenes in the economy to limit certain activities and to set rules for production. Some guidelines/rules effect safety of consumers and workers, the environment, and the conditions that workers work in. If the government didn’t intervene in the economy, there would still be child labor in the United States, no limits on hours worked, the amount of pollution being emitted into the environment, etc. Monopolies would still be buying out small businesses; the top percent would own everything. The government’s role is to make sure that the econo my is efficient, and to make sure everyone has the right to be able to make a profit and wealth is somewhat distributed. Ever since the recession, the United States government has lost funding for some services. Many factors contribute to the changes in funding, one of the reasons