Question

define Mixed economy do you think that the capitalistic system can be removed in the mixed economic system​

Answer 1

Answer:

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. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application.

                        While a mixed economy combines free market with central government planning and intervention, a market economy relies purely on the free market (and the rules of supply and demand) to regulate the economy.

For this reason, profit motives, incentives, and capitalism are the driving factors of the economy. Examples of market economies include New Zealand and Switzerland, who both have mostly (around 80% each) free markets. So it is quiet hard to remove capitalistic system from the mixed econocic system.

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Answer 2

A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods. A socialist economic system is characterised by greater government intervention to re-allocate resources in a more egalitarian way. There are also different aims of the economic systems.