17. WHAT IS WORLD ECONOMY?
MIXED ECONOMY
Ο Ο Ο
BORDERLESS ECONOMY
SOCIALIST ECONOMY
Answers
Explanation:
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims
Answer:
The world economy or global economy is the economy of all humans of the world, referring to the global economic system that includes all economic activity within nations and between nations, including production, consumption, economic management, exchange of financial values and trade of goods and services.
A mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy, free markets with state interventionism, or private enterprise with public enterprise
Borderless Economics: Chinese Sea Turtles, Indian Fridges and the New Fruits of Global Capitalism is a book by Robert Guest, business editor for The Economist. It was published by Palgrave Macmillan, and was on released November 8, 2011.
A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.