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An example of a socialist economy is one in which the government has control over products being produced. China is one example of a socialist economy. Some other examples are Finland, Canada, Sweden, Norway, and the Netherlands.
There is no such thing as a Socialist economy. Socialism means no wages or prices or money, hence no economics. The UK is capitalist.
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. Portugal economy is corporativistic
socialist
An economy exists whenever there are goods and/or services to be sold or traded. If you make something with your own hands, and then sell or trade it to someone who has made something you need, this is an example of economy.
Ghana is a capitalist economy.
in fact, there is no country in the world which is purely socialist or purely capitalist. every economy is mixed. however, the degree to which an economy is socialist or capitalist may vary. Canada and India are some of the countries which are highly mixed.
in fact, there is no country in the world which is purely socialist or purely capitalist. every economy is mixed. however, the degree to which an economy is socialist or capitalist may vary. Canada and India are some of the countries which are highly mixed.
In a socialist society, various political systems may be combines with public control of the economy.
No. The US economy has included strict capitalistic and some socialist policies for decades. The current trend is away from socialist policies rather than toward them.
France is capitalist: class system, wage labour, production for sale at a profit.