Response to Mixed Economy vs. Market Economy

It is very important to note that although the capitalist countries are well ahead in technology and in research and development;there sttil lies a critical near/above or below the poverty in the so- called 'Develped Countries'.Countries who have adopted mixed-economy seem to achieve a better overall standard of living than the true capitalist nations,for eg.Japan,India,Denmark,New Zealand etc. To escape the tyrannic rule of the capitalist policy,the mixed- economy provides the lower classes an opportunity of welfare,education and tax-benefits to the middle-classes.

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