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
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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.
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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
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