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IT CAN BE, BUT IS NOT NECESSARILY SO. Capitalism is exclusively an economic system where private companies drive a country's trade and industry. So, in terms of economics, capitalism leaves the wealthy industrialists and entrepreneurs in control of the economy. However, as concerns governments, capitalism provides no clear answer as to who is in power. Capitalism can occur under nearly any form of government, be it democracy, monarchy, autocracy, military junta, or a theocracy.
What else can I help you with?
What most democratic countries have which type of economic system?
Most democratic nations run under the capitalist system. However, many capitalist countries are not democratic.
List all three types of Mixed economics system?
Capitalism, Communism & Democratic Socialism.
What type of economy does a democracy have?
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
What is the characteristic of both democracy and capitalism?
That is a good question. Considerable individual choice is one characteristic that both share. In a democratic society the citizen is encouraged to participate (or at least he should be encouraged) and Capitalism is free-ranging and multi-optional with opportunities you can create for yourself.Democracy and Capitalism are not either/or. But they are not the same thing either. Opportunities in democracy and opportunities in Capitalism should be encouraged in both if both are to succeed.
What type of economy does a democracy country have?
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
When was The Spirit of Democratic Capitalism created?
The Spirit of Democratic Capitalism was created in 1982.
Is Norway a capitalism state?
Norway has a capitalist economy, it is a democratic state.
What has the author David Webb Raudenbush written?
David Webb Raudenbush has written: 'Democratic capitalism' -- subject(s): Economic policy, Capitalism
What most democratic countries have which type of economic system?
Most democratic nations run under the capitalist system. However, many capitalist countries are not democratic.
What did the People who advocated social democracy want?
They wanted to move from capitalism to socialism by democratic means.
List all three types of Mixed economics system?
Capitalism, Communism & Democratic Socialism.
Britain's is an example of a democratic socialist political party?
The Labour Party supports capitalism, not Socialism.
What would be considered a compromise between capitalism and socialism?
There can be no such compromise, as Socialism and capitalism are completely distinct systems. Socialism means a classless stateless society based on production for use, while capitalism has a class division and production for profit.
What type of economy does a democracy have?
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
What is the characteristic of both democracy and capitalism?
That is a good question. Considerable individual choice is one characteristic that both share. In a democratic society the citizen is encouraged to participate (or at least he should be encouraged) and Capitalism is free-ranging and multi-optional with opportunities you can create for yourself.Democracy and Capitalism are not either/or. But they are not the same thing either. Opportunities in democracy and opportunities in Capitalism should be encouraged in both if both are to succeed.
What type of economy does a democracy country have?
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
Is the political system in which the government peacefully takes control of production while the citizens retain partial control over economic planning?
democratic system
