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According to Wikipedia, the United States of America has a mixed economy, which consists on the following description from Wikipedia: Mixed economy is an economic system in w â¦ hich both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.
There are four primary types of economic systems in the world: traditional, command, market and mixed. Each economy has its strengths and weaknesses, its sub-economies and tendencies, and, of course, a troubled history.Below we examine each system in turn and give ample attention to the attributes listed above.. A market economy is very similar to a free market. The government does not control vital resources, valuable goods or any other major segment of the economy. In this way, organizations run by the people determine how the economy runs, how supply is generated, what demands are necessary, etc.