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Socialism is a part of the modern economic system. Europe, American, Canada are some examples.

Extreme socialism, in a big country, is almost extinct. In Cuba there is some free market, but very limited. China is going in a capitalist direction, but in a very repressive government. North Korea is more a totalitarian system than a socialistic one.

The closest thing that exist to a pure socialist system is some auto-sufficient towns. Where they consume what they produce and they divide everything between the town.

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Q: What countries in the world use socialism economic system?
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What types of economic systems exist throughout the world today?

capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy


How did the economic system contribute to the Mayas not clustering in cities?

The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.


Three main economic systems of the world today?

Just different versions of capitalism, with varying degrees of state interference.


What countries have a Capitalist Economic System?

US UK Canada Japan Sweden Columbia All first world countries have a developed capitalist economic system. Most are conidered mixed capitalist, meaning a mix of free market and command capitalism. Many third world countries have undeveloped capitalist systems and some also have mixed capitalist and socialist as in several Middle East countries such as Saudi Arabia were heavy oil production is state owned but with also allowing private enterprise and property.


How is India an example of economic imperialism?

all third world countries are example of economic imperialism and globalization there aren't any better industries in these countries,all they can do is to be a slave for the developed world by offering cheap labour.

Related questions

What types of economic systems exist throughout the world today?

capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy


What type of economic system did the eastern bloc countries have during the world war 2?

A market


What country have tradiTional economic system?

I've been doing this in society and environment at the momentsome are;Ethiopia.Uganda.Most traditonal economic system countries are living in third world conditions


What is the economic status of the countries who belong to the first and third world countries?

economic status of the countries who belong in first world country


What is a socialism country?

While there is no country that is purely socialist, there are several that come very close. Sweden is probably the best example of a socialist country in the world.


Identify two countries that operate under a form of democratic socialism?

Two countries that operate under a form of democratic socialism are Sweden and Denmark. They have mixed economies that combine elements of capitalism with a strong welfare state, including universal healthcare, free education, and social safety nets. Both countries prioritize social equality and high standards of living for all citizens.


How economic world history?

economic world today is just like a barter system.


What are the traditional economic countries?

Many third world countries or developing countries have a traditional economy.


How did the economic system contribute to the Mayas not clustering cities?

The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.


How did the economic system contribute to the Mayas not clustering in cities?

The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.


What types of social systems are there in the world?

Some common types of social systems in the world include democracy, communism, socialism, capitalism, and feudalism. These systems shape how political power, economic resources, and social relationships are structured within a society.


How many socialist countries are there in the world?

None. Socialism (a classless stateless society based on production for use and democratic control) will have to be a worldwide system, as production and distribution under capitalism are already global. Socialism will have no countries or borders or passports.