What’s the difference between America and the United States? The term America (or the Americas) refers to all the lands in the Western Hemisphere, comprising the continents of North America and South America. The United States of America, or U.S.A., is a country in North America.

The Revolutionary War (1775-83), also known as the American Revolution, arose from growing tensions between residents of Great Britain’s 13 North American colonies and the colonial government, which represented the British crown.

Using economic reasoning, we hypothesize that American colonists approached the Revolution by making choices. They were not acting out of necessity or blindly, without regard for consequences. They decided that fighting the Revolution offered the best combination of benefits and costs they could attain.

Highest ranking in personal freedoms were Sweden (9.45) and the Netherlands (9.28). In 2019, United States has dropped to rank 15 according to The Human Freedom Index. Nevertheless, democracy strongly correlates with freedom (7.9), as measured by the Economist Intelligence Unit’s Democracy Index and the Freedom Index.

Noun. free country (plural free countries) A country that protects the civil liberties of its citizens; a country whose government is not despotic. A sovereign or independent country.

Free

According to the 2020 Economic Freedom of the World Index, the top 10 capitalist countries (ranked from highest score to lowest): Hong Kong. Singapore. New Zealand….Capitalist Countries 2021.

World-systems are larger, and are ethnically diverse. The modern world-system, a capitalist world-economy, is unique in being the first and only world-system, which emerged around 1450 to 1550, to have geographically expanded across the entire planet, by about 1900.

The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.

The United States is generally considered to be a capitalist country, while many Scandinavian and Western European countries are considered socialist democracies. In reality, however, most developed countries—including the U.S.—employ a mixture of socialist and capitalist programs.