Mixed Systems
Mixed systems refer to economic frameworks that combine elements of both capitalism and socialism. In these systems, the government may own certain industries while allowing private ownership in others. This blend aims to balance individual entrepreneurship with social welfare, ensuring that basic needs are met while promoting economic growth.
In a mixed system, policies are often designed to regulate markets and provide public services, such as healthcare and education. This approach seeks to harness the benefits of free markets while addressing inequalities and providing a safety net for citizens. Examples of mixed systems can be found in countries like Sweden and Canada.