Most countries throughout the world can be classified as either purely capitalist or purely socialist.
Level of Learning 1: Knowledge of key terms

Name: Most countries throughout the world can be classified as either purely capitalist or purely socialist. Level of Learning 1: Knowledge of key terms
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Question

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Most countries throughout the world operate under a mixed economy system, which combines elements of both capitalism and socialism. No country can be purely capitalist or purely socialist.

Most Countries Throughout the World Can Be Classified as Either