Capitalist
Ghana is a capitalist economy.
There is no such thing as a Socialist economy. Socialism means no wages or prices or money, hence no economics. The UK is capitalist.
It is found in a capitalist economy. However, do remember no nation currently has a pure capitalist or pure socialist economy. Every nation has a trace of capitalist and socialist
Socialism means a classless stateless society with no money or prices or buying and selling. hence there can be no such thing as a Socialist economy.
Capitalist: class ownership, wages system, production for sale.
Ghana is a capitalist economy.
There is no such thing as a Socialist economy. Socialism means no wages or prices or money, hence no economics. The UK is capitalist.
It is found in a capitalist economy. However, do remember no nation currently has a pure capitalist or pure socialist economy. Every nation has a trace of capitalist and socialist
Socialism means a classless stateless society with no money or prices or buying and selling. hence there can be no such thing as a Socialist economy.
no it is very socialist
Capitalist: class ownership, wages system, production for sale.
Austria is predominantly capitalist, but has numerous socialist aspects to its economy.
It is a Social Market. Kinda Kind of a socialist feel and kind of a capitalist feel.
mixed economy
France is capitalist: class system, wage labour, production for sale at a profit.
mixed economy between socialist and capitalist
Mixed. in India,The nature of economy is Mixed means it is the combination of capitalist and socialist economy.