In madagascar and Switzerland what type of economic systems are present? ie. mixed, market, or command?
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02-27-2014, 08:38 AM
Post: #1
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In madagascar and Switzerland what type of economic systems are present? ie. mixed, market, or command?
I beleive that both countries have market economic systems just looking for some back up. I know it's not traditional and not command so there both either Mixed or market. Market is when decisions are made based on what would be best for the economy , business and industry. And mixed is where decisions are made by both government and the influence of industry.
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02-27-2014, 08:49 AM
Post: #2
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Well, I don't know about Madagascar - but in Switzerland it's a so-called "social market economy". The basis is a market economy, but there are several "corrections" to make the system more social - starting from social welfare to the tax system and certain services supplied/controlled by the state like utilities.
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