Economy

The United States is a market economy country.In a market economy，production and prices are determined based on supply and demand.In the United States，a relatively small number of private citizens make the most important economic decisions，as they own and control large amount of financial capital and production facilities.Individuals account for about 85％ of the national economy，while the government controls only 15％ of the total.Although individuals and private business firms make most of the economic decisions，the federal（i.e.，national）government also plays a very important role in regulating the country’s economy.