THE ECONOMY OF THE UNITED STATES AND THE ROLE OF STATE OWNED ENTERPRISES
Keywords:
United States economy, state-owned enterprises, mixed economic system, public services, market failure, government intervention, economic stability, United States Postal Service, Tennessee Valley AuthorityAbstract
The United States economy is widely recognized as a leading example of a capitalist market system characterized by private ownership and competitive markets. However, despite the dominance of private enterprises, the government maintains significant involvement in key sectors through state-owned enterprises (SOEs). This paper explores the structure of the U.S. economy with a focus on SOEs, examining their role, advantages, challenges, and overall contribution to economic stability and public welfare. The analysis reveals that while SOEs constitute a small portion of the economy, they fulfill essential functions in providing public services, addressing market failures, and ensuring national security. The paper concludes that state ownership, when balanced with market mechanisms, remains an integral part of the U.S. economic system.
References
Baldwin, R., & Evenett, S. J. (2020). *COVID-19 and Trade Policy: Why Turning Inward Won't Work*. VoxEU.org eBook, Centre for Economic Policy Research (CEPR).
2. Chandler, A. D. (1990). *Scale and Scope: The Dynamics of Industrial Capitalism*. Harvard University Press.
3. Congressional Research Service. (2021). *The United States Postal Service: An Overview*. Retrieved from
[https://crsreports.congress.gov/product/pdf/RS/RS22633](https://crsreports.congress.gov/product/pdf/RS/RS22633)
4. Irwin, D. A. (2017). *Clashing over Commerce: A History of US Trade Policy*. University of Chicago Press.
5. Joskow, P. L. (2006). *Markets for Power: An Analysis of Electric Utility Deregulation*. Cambridge University Press.
6. U.S. Government Accountability Office (GAO). (2022). *Challenges Facing the U.S. Postal Service*. GAO-22-105139.
7. Tennessee Valley Authority. (2023). *Annual Report 2023*. Retrieved from [https://www.tva.gov](https://www.tva.gov)
8. Vining, A. R., & Boardman, A. E. (2008). *Public-Private Partnerships in Canada: Theory and Practice*. Canadian Public Administration, 51(1), 9-44.
