Philip907 Philip907
  • 23-02-2015
  • History
contestada

what is the common objective between capitalist, socialist, and mixed economies.

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dianalpott dianalpott
  • 23-02-2015
An objective that's common to both capitalism and socialism (and thus mixed economies) is production. Both systems rely on the production of goods and services (except that in capitalism one produces for profit and in socialism one  produces for use--i.e. one produces according to human needs, not wants).
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