These countries have a capitalist economic approach,with a mixture of private ownership and public control characteristics,EXCEPT for

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China has a socialist economic approach, which is mainly controlled by the government and public ownership. The other three countries mentioned in the question have a capitalist approach with a mixture of private ownership and public control characteristics. Sweden has a welfare state with a strong social safety net, Japan has a mixed economy with strong government intervention, and the United States has a capitalist economy with a limited government intervention.

These Countries Have a Capitalist Economic Approach,with a Mixture of Private