Mixed Capitalist

Mixed Capitalist Definition

An economic system that features characteristics of both capitalism and socialism

Mixed Capitalist Countries

Cuba

Lao

Vietnam

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Characteristics of Capitalist Countries

  • Two-class system
  • run by the individuals (or corporations) who own and operate companies and make decisions as to the use of resources
  • Capitalism in its purest form is a society in which the market sets prices for the sole purpose of profits and any inefficiency or intervention that reduces profit making will be eliminated by the market.