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2007-07-26 17:25:03 · 2 answers · asked by jenny w 1 in Social Science Economics

2 answers

In simple terms, it is a mixed economy. It has elements which are planned (by the government), but, on the whole most decisions of "what, how and for whom" are made by market forces.
It has some socialist elements.

2007-07-27 01:19:45 · answer #1 · answered by jemhasb 7 · 0 0

It's called Rhenan capitalism. Historically there was also a system known as Dirigiste.

2007-07-26 21:50:42 · answer #2 · answered by cprime17 2 · 0 0

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