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29 December, 18:21

An economic system where both the state and individuals produce and distribute goods and services, such as the system found in Sweden and Denmark, is referred to as:

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  1. 29 December, 19:24
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    Answer: it is referred as a democratic socialism

    Explanation:

    In Sweden and Denmark, there are private companies but taxes are high and social benefits are varied. This system is also known as welfare socialism.
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