Question

3) Capitalistic, communistic and Mixed are the types of
Economic System
Social System
Cultural System
Political System
government is considered as an ideal political system for

Answer 1

Answer:

Communist countries, particularly Russia and China, decided on a centrally planned economy (aka command economy). The centrally planned economy had the following major attributes: The government owns all means of production, which is managed by employees of the state.

Answer 2

Answer:

Economic System because capital denotes the main aim to earn maximum profit, socialistic denotes the main aim to achieve social welfare and mixed denotes a balance between profit and social welfare