Democratic capitalism and state capitalism trade with each other for mutual advantage but are economic and political rivals.

Question

Quizplus · Accepted Answer

Democratic capitalism and state capitalism trade with each other for mutual advantage but are economic and political rivals.Democratic capitalism in the United States,Japan,Denmark,and other nations favors business to create wealth and government to regulate as needed.State capitalism in countries such as China,Russia,and Saudi Arabia employs the market to build wealth,which,in turn,is controlled and distributed by the state for its political purposes.

Democratic Capitalism and State Capitalism Trade with Each Other for Mutual