Economy, asked by Vansh359, 1 year ago

in what way are capitalism and mixed economies similar

Answers

Answered by Anonymous
1
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Capitalism, socialism or a mixed economy. 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.
Answered by smita24
0

capitalism does not exist: it’s a chimaera, so cannot be used as a standard to compare with anything else.

And, following on from tyat, a “mixed” economy is sort of hybrid chimaera, being a sort of/kind of/so called socialistical capitalist economy - rather as if capitalism was a unicorn, and then a mixed economy is a horse/unicorn cross.

Talking about “capitalism” is dishonest. Talk about a mixed economy is merely ludicrous.

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