Text 1 The United States is said to have a mixed economy because privately owned businesses and government both play important roles
Indeed, some of the most enduring debates of American economic history focus on the relative roles of the public and private sectors
The American free enterprise system emphasizes private ownership
Private businesses produce most goods and services, and almost two-thirds of the nation's total economic output goes to individuals for personal use (the remaining one-third is bought by government and business)
The consumer role is so great, in fact, that the nation is sometimes characterized as having a “consumer economy
” This emphasis on private ownership arises, in part, from American beliefs about personal freedom
From the time the nation was create