What is the difference between Capitalism and the Mixed Economy? - ProProfs Discuss
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What is the difference between Capitalism and the Mixed Economy?

Asked by E. Reyes, Last updated: Sep 16, 2020

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F. Hope

F. Hope

F. Hope
F. Hope

Answered Mar 17, 2020

Capitalism is a system that consistently pursues the attainment with an economic benefit by increasing its money. A mixed economy is a financial system that blends free markets with private enterprises. The most apparent difference between a mixed economy and capitalism is that in a diverse economy, both private institutions and the government work in tandem to carry out a plethora of activities. Capitalism elevates competition with the supply and demand for goods and services, and it is a socio-economic system based on honoring individual rights. A diverse economy is a capitalistic market with macroeconomic policies, and social welfare interventions aimed at advancing market outcomes.
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