Country: The United States of America
Economic System: A market economy in which individual producers and consumers determine the kind of goods and services produced and the prices of those goods and services.
Characteristics of Economic System: Consumers buy most of the food, clothing, and shelter that they may need (necessities) along with any number of items or services that they may want to have or simply enjoy having (luxuries). Private businesses make and sell most of the goods and services that are provided for and are available for the consumers. The market works by bringing together buyers and sellers who establish market prices and output levels for thousands of different kinds of goods and services.
Main Economic Activities: Service, trade, and finance are among the major economic activities that dominate the United Stares. However, other big players in the economic activities are agriculture, aerospace, auto manufacturing, high tech industries, and tourism.
http://www.theusaonline.com/economy/economic-system.htm
http://www.heritage.org/index/country/unitedstates
https://www.cia.gov/library/publications/the-world-factbook/geos/us.html
