US economy has a great intervention from private firms, yet they are under the control of the government of US. This regulation is mainly done in two ways. The economic regulation is done directly or indirectly. Monopolies were prevented by regulating the price of certain utilities and products beyond a maximum level of profit making. Market forces were under the control of the antitrust law.
Social regulations were extended to ensure that public health and safety is considered by controlling the private companies. Regulation of drugs and food products reaching the market was done by the government. Air, land and water was regulated by certain standards.
