Please help me! I know it’s a mixed economy with socialism and capitalism but I don’t know what it doesn’t have and if it works!

The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism.

Explanation:

The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism.

Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.

The U.S. government controls part of the economy with restriction and licensing requirements, which includes involvement in such areas as education, courts, roads, hospital care, and postal delivery.

The government’s role in a mixed economy can also include financial policies, such as monetary and fiscal policies.

by creating a labor shortage that pushed the continent toward a market economy