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They are independent of each other. A democracy votes on what laws and rules regulate the populations behavior. Capitalism allows people to do as they wish and reap the rewards of their risk and labor.
You can have a Democracy that dies not allow freedom to generate wealth if that is voted in.
China has a very Socialist system that has more Capitalism in it then the United States does today.
What else can I help you with?
How is socialism different from capitalism?
Pure capitalism, of the kind taught by the late Milton Friedman at the Chicago school of economics holds that all markets, including natural resources and essential services like education,health, and utilities should be privately owned, are self correcting and must be free of all government regulation.Proponents of socialism believe that essential services like these are collective responsbilities and should be run by the state ,as they are in most western democracies.The two ideas are not mutually exclusive. Many countries have free enterprise capitalism and can afford to make sure that all its citizens have their basic needs met. It works- a country's prosperity is very much related to the well-being of its people. It's what progressives call a mixed economy.
What are some examples of stagflation today?
none, stagflation has only existed in the 1970's as a phenomena created by external factors. we are constantly in danger of stagflation when unemployment is high and external forces create tension in the markets, but following classical economic theories recession and inflation are mutually exclusive.
What is the definition of the word interdependent?
The term interdependent is an adjective meaning mutually dependent; relating to two or more people or things dependent on each other. Synonyms include mutualist and mutually beneficial.
Merits and demerits of net present value?
Advantages:With the NPV method, the advantage is that it is a direct measure of the dollar contribution to the stockholders.With the IRR method, the advantage is that it shows the return on the original money invested.Disadvantages:With the NPV method, the disadvantage is that the project size is not measured.With the IRR method, the disadvantage is that, at times, it can give you conflicting answers when compared to NPV for mutually exclusive project.BY SHARANYA NV
What makes trade easier?
A mutually recognized medium of exchange makes trade easier.
How is a republic similar to a direct democracy?
Both are types of democracy. A republic is a representational democracy, which is mutually exclusive with direct democracy.
Which one is more convienent mutually exclusive or non mutually?
It must be "mutually exclusive" since "non mutually" does not even mean anything!
What are mutually exclusive projects?
Mutually exclusive projects means that the acceptance of one project eliminates the others fromconsideration. Projects are said to be mutually exclusive when tehy cannot be undertaken simultaneously.
What is the definition of mutually exclusive events?
The definition of mutually exclusive events is that the events can't occur at the same time. For example, you can't flip a coin and get a head and a tail; they are mutually exclusive events.
Which is more important to the systems components classification schemes that the list be comprehensive or mutually exclusive?
mutually exclusive and comprehensive
What does the term 'mutually exclusive' mean?
The term mutually exclusive refers to 2 or more events of incidents, in which the happening of one event precludes the happening of the other. Mutually exclusive can be applied less formally to the dating world, in which a couple who has been dating become more serious, and therefore mutually exclusive with one another.
Which type of button or box gives a mutually exclusive coice?
A dialog box offers a mutually exclusive choice.
What are some example sentences using mutually?
War and peace are mutually exclusive.
In maths What is Mutually exclusive probability?
Mutually exclusive means they are independent of one another. So, the two events are independent of one another.
If two events A and B are mutually exclusive then they are independent?
No, independence means they are not related. Mutually exclusive means they cannot occur at the same time.
What is potentially inclusive events?
It is the opposite of mutually exclusive. Potentially inclusive are events that can happen at the same time, as mutually exclusive events can't.
What is mutually exclusive in probability theory?
two events are mutually exclusive if they cannot occur at the same time. The classic example is a coin toss where you have either heads or tails, but there is NO WAY to have heads and tails at the same time. Heads and tails are mutually exclusive.
