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Socialism is a part of the modern economic system. Europe, American, Canada are some examples.

Extreme socialism, in a big country, is almost extinct. In Cuba there is some free market, but very limited. China is going in a capitalist direction, but in a very repressive government. North Korea is more a totalitarian system than a socialistic one.

The closest thing that exist to a pure socialist system is some auto-sufficient towns. Where they consume what they produce and they divide everything between the town.

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What types of economic systems exist throughout the world today?

capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy


How did the economic system contribute to the Mayas not clustering in cities?

The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.


Three main economic systems of the world today?

Just different versions of capitalism, with varying degrees of state interference.


What countries have a Capitalist Economic System?

US UK Canada Japan Sweden Columbia All first world countries have a developed capitalist economic system. Most are conidered mixed capitalist, meaning a mix of free market and command capitalism. Many third world countries have undeveloped capitalist systems and some also have mixed capitalist and socialist as in several Middle East countries such as Saudi Arabia were heavy oil production is state owned but with also allowing private enterprise and property.


How is India an example of economic imperialism?

all third world countries are example of economic imperialism and globalization there aren't any better industries in these countries,all they can do is to be a slave for the developed world by offering cheap labour.

Related Questions

What types of economic systems exist throughout the world today?

capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy


What type of economic system did the eastern bloc countries have during the world war 2?

A market


What country have tradiTional economic system?

I've been doing this in society and environment at the momentsome are;Ethiopia.Uganda.Most traditonal economic system countries are living in third world conditions


What is the economic status of the countries who belong to the first and third world countries?

economic status of the countries who belong in first world country


What is a socialism country?

While there is no country that is purely socialist, there are several that come very close. Sweden is probably the best example of a socialist country in the world.


Identify two countries that operate under a form of democratic socialism?

"democratic socialism" isn't a political science concept - that is, there is not a specific governmental type (or subtype) of that name. Note that "socialism" (with a small "s") refers to an economic model, not a political model, with "Socialism" referring to a complete political/economic system. Thus, "democratic socialism" actually describes a form of economic model, not a political/economic model, which is what I assume the question is looking for.If what you are looking for is a Democracy which follows socialism as an economic model, well, then, you're pretty much out of luck; there are generally but a very, very few countries which use socialism (as defined by political scientists and economists) as their economic model, and none of these countries could be called a Democracy.Instead, what I suspect you are looking for is the following:A country which uses some form of Representative DemocracyOne whose foundational economic model is capitalismBut who uses regulation and government policies to implement a large portion of the Socialist societal goals.This kind of country is what United States mass media (and political discussions) generally label a "Socialist" country, despite this being a horrible misuse of the word (and meaning) of Socialist.Frankly, by the distorted US meaning of Socialist, the vast majority of 1st World countries follow "Democratic Socialism", including virtually all of Europe (save perhaps the U.K.), Japan, Korea, Taiwan, and even places like Brazil. Not to be snide, but saying "democratic socialism" during a US political debate is basically inferring that some country is almost a Communist country - that is, it's used as a slur rather than something which has a distinct meaning.Objectively speaking, if you are looking for a democracy which has implemented a large section of the socialist-style societal goals, then the Scandinavian countries (Norway, Sweden, and Finland) are good examples, as would Spain, France, and possibly Portugal.


What are the traditional economic countries?

Many third world countries or developing countries have a traditional economy.


How economic world history?

economic world today is just like a barter system.


How many socialist countries are there in the world?

None. Socialism (a classless stateless society based on production for use and democratic control) will have to be a worldwide system, as production and distribution under capitalism are already global. Socialism will have no countries or borders or passports.


How did the economic system contribute to the Mayas not clustering in cities?

The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.


How did the economic system contribute to the Mayas not clustering cities?

The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.


What types of social systems are there in the world?

Some common types of social systems in the world include democracy, communism, socialism, capitalism, and feudalism. These systems shape how political power, economic resources, and social relationships are structured within a society.