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socialist ,is where only public sector exist (perfect socialist),all of the production is distributed by the public enterprises ,generally motivates equality and unity ..while on other hand capitalist ,is where government doesn't interfere the working of economy (perfect capitalist),everything is decided or works on demand supply curve ,laissez faire economy ..people or capitalist (those who have capital or money ) decide what to produce ,how to distribute ,whom to distribute and how the surplus should be used .this economy is generally profit-oriented,which inspires or support polarization (rich gets richer and poor gets poorer).
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What kind of economic system does France have?
mixed economy between socialist and capitalist
What is the nature of an economist?
Mixed. in India,The nature of economy is Mixed means it is the combination of capitalist and socialist economy.
Is Belgium a mixed economy?
Belgium is a mixed economy which is considered to be under the socialist system of governance. A mixed economy is where there participation from private entrepreneurs and the government.
Do you have a free market system in the US?
The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.
Does Cuba have a mixed economy?
Cuba is still transitioning to a mixed market economy from a socialist economy. Fidel Castro was the President of Cuba from 1976 to 2008.
When socialist and capitalist elements of economics are combined it is called?
mixed economy
What type of economic system does Tunisia have?
Algeria has a mixed economy that is slightly closer to command than market
Is USA a capitalist approach socialist system or a communism or a mixed economy?
The USA has a mixed economy with a considerably large, but declining, private sector.
Which publicly controlled economy is the nearest a mixed economic system?
The publicly controlled economy which is the nearest to a mixed economic system is a socialist economy. The public will influence such an economy to a great extent.
What are some countries that practice mixed-market?
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.
What are some countries that practice mixed market?
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.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
