The united states has a strong tradition of a market economy. what effect do you suppose this tradition has had on the growth of the nation and of its eventual rise to a position of global power

The whole concept of a market economy was able to bring the country its huge growth. A market economy revolves around the concept of letting the market dictate what businesses are to produce and at what price. So because of this, businesses tend to innovate and do better at what they do due to the competitiveness of a market economy. Now this would result in the consumers getting what they want and spending money to get it. Spending more money resulted in more taxes given to the government that was able to make it more developed.