A mixed economy is one that has elements of both communism and capitalism. Many people argue that most countries use a mixed economic system as true capitalism or communism has never really existed - most countries that claim to run on one system will have at least some parts of the other. Countries in the developed world using a mixed economic system are those like the USA, the UK, Canada, Australia and Japan.
It is argued that without government influence, a country would fall into chaos and anarchy, so there must always be some sort of public influence in the market. It is also argued that without private companies, economies would fail. This is the basis for the argument that all economies must be mixed. With this in mind, there are obviously those that are more one than they are the other.
It is argued that without government influence, a country would fall into chaos and anarchy, so there must always be some sort of public influence in the market. It is also argued that without private companies, economies would fail. This is the basis for the argument that all economies must be mixed. With this in mind, there are obviously those that are more one than they are the other.
- China is a country that declares itself to be communist. Whilst many will say it is a mixed economy, it has more communist elements than it has capitalist.
- The United States of America is a country that claims to be capitalist. Again, it is probably more capitalist than China, but it has some communist elements too.