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Mixed Economies

As we have seen. no economy is truly capitalist or socialist; most economies are mixtures of both. A mixed economy combines elements of a market economy (capitalism) with elements of a command economy  (socialism . Sweden. Great Britain. and France havemixed economies, sometimes referred to as democratic socia/bm-an economic and political system that combines private ownership of some of the means of production, governmental distribution of some
essential goods and services, and free elections. For example. government ownership in Sweden is limited primarily to railroads. mineral resources. a public bank. and liquor and tobacco operations (Feagin. Baker. and Feagin, 2006). Compared with capitalist economies. however, the government in a mixed economy plays a larger role in setting rules. policies. and objectives. The government is also heavily involved in providing services such as medical care. child care, and transportation. In Sweden. for example. all residents have   alth insurance, housing subsidies. child allowances. paid parentalleave, and day-care subsidies. National  insurance pays medical bills associated with workrelatednjuries. and workplaces are specially adapted for perso s with disabilities. College tuition is free. and public funds help subsidize c ultural institutions suchas theaters and orchestras (“General Facts on Sweden” 1988; Kelman. 1991). Recently. some analysts have suggested that the United States has assumed many of  the characteristics of a welfare slate (a state  hat uses xtensive government action to provide support and services to its citizens) as it has attempted to meet the .basic needs of older persons. young children. unemployed people. and persons with a disability

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