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Free-market capitalism is based on free markets, private ownership of the means of production, and limited regulations and some government provided goods and services.

Mixed capitalism has more heavily regulated markets, mainly private ownership of the means of production but also features a greater role for state-owned enterprises, and usually has economic intervention in markets to correct market failures.

Both are similar in that they are both based on the process of capital accumulation, both systems attempt to maximize private profits, and both are mainly privately-owned.

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βˆ™ 11y ago
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paulbenn

Lvl 13
βˆ™ 2y ago

Capitalism involves wage labour and production for profit. That applies to all forms of capitalism, whether β€˜pure’ or β€˜modified’.

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βˆ™ 11y ago

Pure capitalism has no government regulation and modified capitalism government intervenes.

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Q: What is the difference between pure capitalism and modified capitalism?
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