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Why is capitalism called a free market economy?
Under capitalism, the market is free from state interference.
How is a mixed economy is a mixture of command and pure market economy?
It’s called capitalism: class ownership, wages system, production for sale.
What economic systems is a mixed economy a combination if?
where the functions of both capitalism and socialism are present,that is called mixed economy.
What is the economic doctrine that opposes government regulation of the economy called?
An economy that operates without government regulation is called capitalism. Because there has never been a time when government did not participate in the economy, modern capitalism has never existed. Here I am referring to most nations going back as far as ancient times. I emphasize "most" to eliminate minor cases where there in fact was no governments but there was trade.
What political system calls for government control of the economy?
Communism is the political system that called for government control of the economy.
Why is capitalism called a free market economy?
Under capitalism, the market is free from state interference.
How is a mixed economy is a mixture of command and pure market economy?
It’s called capitalism: class ownership, wages system, production for sale.
Is the economy of the US called?
Mixed Economy
Why is capitalism is called a free economy?
Producers are compete freely for consumers' business.
What economic systems is a mixed economy a combination if?
where the functions of both capitalism and socialism are present,that is called mixed economy.
What is the economy of the US called?
Mixed Economy
Why is capitalism called a free-market economy?
Producers are compete freely for consumers' business.
What is the different terms a free market economy can be called?
capitalism, Liberal (in some countries)
What is the economic doctrine that opposes government regulation of the economy called?
An economy that operates without government regulation is called capitalism. Because there has never been a time when government did not participate in the economy, modern capitalism has never existed. Here I am referring to most nations going back as far as ancient times. I emphasize "most" to eliminate minor cases where there in fact was no governments but there was trade.
What political system calls for government control of the economy?
Communism is the political system that called for government control of the economy.
Laissez-faire capitalism as attributed to Adam Smith called for?
Minimal government involvement in the economy
Which system involves total government control of a nation's economy?
Communism is the political system that called for government control of the economy.
