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Q: What are socialist systems described as mixed economies?
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Related questions

Socialist systems often have mixed economies because the state?

Socialist societies do not have ‘mixed economies’ or a state. The means of production are owned by all the people in common and production takes place to meet human nee, with free access to what is produced.


Why more modern economists are mixed economies elaborate?

Most mixed economies can be described as market economies with strong regulatory.


What are the main economic systems in the world?

The three primary economic systems are:1. Capitalist economies where the modes of production are carried out by the owners of the means of production (eg. the USA, the UK, Japan, Australia etc.)2. Socialist economies where the modes of production are run by the State or the Central authority (eg, Russia, PRC, Cuba etc.)3. Mixed economies where there is a mix of the above two processes (eg. India).


Why do most countries operate somewhere between a command and market economy?

Nearly all modern economies in the world today have characteristics of both market and command economic systems. That is why they are called mixed economies. Traditional economies are very hard to find and could not function effectively for a whole nation. Nearly all the countries in Southwest Asia today would best be described as mixed economies, as they have the characteristics of a free market and free enterprise as well as some government planning and control.


What are three main economic systems in the world today?

The three primary economic systems are:1. Capitalist economies where the modes of production are carried out by the owners of the means of production (eg. the USA, the UK, Japan, Australia etc.)2. Socialist economies where the modes of production are run by the State or the Central authority (eg, Russia, PRC, Cuba etc.)3. Mixed economies where there is a mix of the above two processes (eg. India).


Describe the 4 basic economic systems?

the are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like comunism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success.


What are the four basic economic systems around the world?

There are four types of economic systems: traditional economies, market economies, command economies, and mixed economies. these economic systems differ in how to answer the three basic questions: how to produce, what to produce and for whom to produce. In traditional economies, the three economic questions are decided mainly by social customs. In market economies, the economy is like capitalism in U.S and the economic questions are decided by individuals in the marketplace. In command economies, is like communism and the questions are decided by the government. In mixed economies, they are decided by a combination of market decisions making and government order. Many different combinations of these four kinds of economic systems are operating around the world today, with different degrees of success. Free-market and command (apex)


Why do socialist systems have mixed economies?

Socialism is not considered a mixed economy. Socialism is defined as a system based on public ownership of the means of production, self-management in enterprises, and production for use instead of production for private profit. There are two types of socialism: planned economies and market socialism. A mixed economy usually refers to a type of capitalism where the government intervenes in markets to affect economic outcomes, or engages in some minor indirect economic planning. Mixed economies are heavily capitalist: profit-driven enterprise is the dominant form of organization, most firms are privately-owned, and markets are still the primary way of coordinating the economy.


Most economies have what economists call?

mixed economies


What kind of economy does the United States of America have today?

According to Wikipedia, the United States of America has a mixed economy, which consists on the following description from Wikipedia:Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. Most mixed economies can be described as market economies with strong regulatory oversight, and many mixed economies feature a variety of government-run enterprises and governmental provision of public goods.


What are a few mixed economies besides Canada and Germany?

The U.S. for one, but actually most economies in the world now are mixed. This just means that the economy is contolled by both market forces (supply and demand) and regulated by the government. As long as the economy isn't completely socialist (controlled by the government) or a free market (completely unchecked business) it is considered a mixed economy.


Most economies today are economies?

all economies today are actually (mixed)