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Unformatted text preview: free market, without the interference of government • Greater income disparity • Personal freedom from government regulations Som: • Public ownership of the means of production • Pursuit of collective goals • Centralized decision making • Democracy • Less income disparity • Personal freedom from basic needs- A mixed economy combines elements of both capitalism and som. Sweden, Great Britain, and France have an economic and political system known as democratic som, in which private ownership of some of the means of production is combined with governmental distribution of some essential goods and services....
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This note was uploaded on 11/08/2011 for the course SCIE SYG2000 taught by Professor Bernhardt during the Fall '10 term at Broward College.
- Fall '10