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17 October, 04:03

Compare and contrast market economy mixed economy and socialist economy

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  1. 17 October, 07:00
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    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.

    Explanation: The United States appears to be moving toward a mixed economy.
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