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The United States has a capitalist economy. Capitalism is an economic system in which businessmen privately own the means of production, which is referred to as capital. Free market competition dictates prices and produc... More »

The Bank of North America, the nation’s first central bank, opened in Philadelphia on Jan. 7, 1782. Robert Morris presented the plan for the bank to the Continental Congress on May 17, 1781. The Continental Congress appr... More »

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The United States has a market-oriented, or mixed, economy, which means that businesses and private individuals make most of their own decisions. The state and federal government buy needed services and goods in the priv... More »

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The United States has a market-oriented, or mixed, economy, which means that businesses and private individuals make most of their own decisions. The state and federal government buy needed services and goods in the priv... More »

Market economy, planned economy and mixed economy are the three major types of economic systems that prevail across the world, states Economy Watch. Each economic system offers a different view on the role of government ... More »

According to About.com, the quantity theory of money states that the supply of money in an economy determines the level of prices, and changes in the money supply result in proportional price changes. Therefore, a given ... More »

A diversified economy is an economy that has a number of different revenue streams and provides nations with the ability for sustainable growth because there is not a reliance on one particular type of revenue. This dive... More »