No economy is “pure,” what determines if an economy is Capitalist or Socialist is what is primary. Trying to say that Capitalism or Socialism describes a specific section of an economy results in issues like drawing hard lines where they shouldn’t and can’t be drawn.
No economy is “pure,” what determines if an economy is Capitalist or Socialist is what is primary. Trying to say that Capitalism or Socialism describes a specific section of an economy results in issues like drawing hard lines where they shouldn’t and can’t be drawn.