•most common economic system in the world today • government makes decisions for the public sector • individuals and businesses make decisions for the private sector which type of economic system is described above?

for the united states of america, 1945 to 1964 was a time of high economic growth and general prosperity. it was also a time of confrontation as the capitalist united states and its allies politically opposed the soviet union and other communist countries; the cold war had begun.

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