What are the key characteristics of capitalism, socialism, and mixed economies?
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What are the key characteristics of capitalism, socialism, and mixed economies?
The economies are formed by the economic, political, and social structure of the country, the operation which they held in the country to grow are termed as economies.
The capitalist economy is dominant by the policies which are framed by considering the economic growth of the country. They tend to grow the economically powerful in the world, they are having a great share of secondary and tertiary activities,
Social economies are the economy that tries to grow their social stability, their major concern is to provide people social security their policies revolve around public interest, they are more bend towards the social development of the country.
In the mixed economies, but capitalists and socialist elements are inclusive but not having opposing characters, instead, they are there to complementing each other, this type of economies are mainly observed in developing countries, where they need both economic as well as social development,
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