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Sweden moved from socialism to a more mixed economy in the 1980s due to economic challenges such as high inflation, unemployment, and public debt. The government implemented market-oriented reforms to increase efficiency and competitiveness in industries, reduce public spending, and encourage private sector growth. These changes aimed to strike a balance between state intervention and market forces to improve economic performance and sustainability.
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What type of economy does Sweden have?
Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal & external communications, & a skilled labour force.
What makes Sweden a welfare state?
Sweden is called a welfare state because it had a dissertaion back in the early 2000 called resilient welfare
What type of economy does Finland have?
mixed economy
Advantages and Disadvantages of the Mixed Economy in Canada?
A mixed economy in Canada combines elements of both capitalism and socialism, allowing for a balance between private enterprise and government intervention. Advantages include the ability to provide social welfare programs and public services, promoting equity and addressing market failures. However, disadvantages may include potential inefficiencies due to government regulations and the risk of over-dependence on state intervention, which can stifle innovation and competition. Overall, the mixed economy aims to harness the benefits of both systems while mitigating their drawbacks.
Is the South African economy classified as a command or market economy?
yes, South Africa is a Pure market economy
An economy that exhibits elements of both capitalism and socialism?
None, as capitalism (classes, production for profit) and Socialism (no classes, production for use) are incompatible.
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 is a mixed economy based on?
A mixed economy is based on several different types of economies. For example the mixed American economy is a combination of socialism and capitalism.
What type of economic does Sweden have?
Sweden has a mixed economy.
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.
Is Sweden a mixed economy?
yes
12 letters word an economy that exhibits elements of both capitalism and socialism?
mixed economy
What publicly controlled economy is nearest to a mixed economic system?
socialism
What is mixed socialism?
There can be no such thing. Socialism (classless stateless society based on production for use) cannot be mixed with any other system.
Economic problems for a mixed economy?
A mixed economy system is an economy system that combines elements of capitalism and socialism. The economic problems of a mixed economy are ,What to produce?, How should production be organized?, For whom should production take place?.
Why is Australia considered a mixed economy?
One containing features of both capitalism and socialism. Australia is a mixed economy, ... Australia is a mixed economy, with major state-owned enterprises in communications, transport, banking ... too, provides a striking illustration of the transition to a mixed economy ...
Which publicly controlled economy is nearest a mixed economic system?
Socialism is the closest thing.
