Americans Live in a Box when it comes to Economics and Politics

5 months ago
7

A market economy is an economic system where resources are allocated primarily through the interaction of supply and demand, with private ownership and individual initiative driving production and consumption. It's characterized by limited government intervention, competition, and the price system. Politics is the activities associated with the governance of a country or other area, especially the debate or conflict among individuals or parties having or hoping to achieve power.

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