Give two examples of socialist, capitalist and mixed economy.
Answers
Answer:
A mixed economy consists of both private and government/state-owned entities that share control of owning, making, selling, and exchanging good in the country. Two examples of mixed economies are the U.S. and France.
Capitalism is an economic system in which the means of production and distribution are privately or corporately owned. Operations are funded by profits, and not controlled by a state government.
Examples of Capitalism
Hong Kong.
Singapore.
New Zealand.
Switzerland.
The former Soviet Union is an example of a socialist system. Cuba is an example of a socialist nation. Its economy is state run and it lacks a stock exchange. ... The country of North Korea is a socialist state, lacking a stock exchange, supporting many social programs, and the economy is state-run.
Answer:
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Explanation:
In a capitalistic society, individuals and businesses aim to earn a profit with the production of their investment and labor in a free market operating largely by supply and demand. Socialism is when the government owns and/or controls productive enterprises. A mixed economy is aspects of both.