Markets

What are the strengths or weaknesses of the American Market Economy?

The American Market Economy is one that has many advantages and disadvantages  In general, the economy can be considered a success due to its high level of American support. Some of its strengths include its ability to change. The American Market place is effected greatly by other markets around the world and therefore, it must adapt when production factors change. For example, many corporations have the ability to predict the changes in the economy, allowing the economy to stay quite stable. The other major advantage is that there is an individual freedom available to all people, giving them the choice and opportunity to purchase anything or even start a new business. This ability gives people the freedom to start a new career or creating a business and gain a future.
Other strengths in the American Economy include its lack of government inference. The government stays out of the economy and does not change in the outcome of different businesses. Due to the low level of government control, there is also no centralized decision making. This way, the economy is defined purely by the consumer, allowing a variety of goods and services that are desirable by the public. The variety also allows us Americans to find many different and interesting items that aid us in our daily lives, giving us a high satisfaction.