A country has a strong private sector, along with publicly owned enterprises. Entrepreneurs and private-sector investors are entitled to profits, after taxes, and even state-owned enterprises are expected to at least break even. What type of economic system does this country have?

Question

Quizplus · Accepted Answer

This country has a combination of private and public ownership, with a focus on profits and at least breaking even, indicating a mixed economy. It is not capitalist as there are publicly owned enterprises, nor is it communist as entrepreneurs and private investors are able to make profits. It also does not align completely with socialism as there is a strong private sector.

A Country Has a Strong Private Sector, Along with Publicly