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DevinMost of the world has a mixed economy, which combines elements of capitalism and socialism. This means there is a balance between market-driven activities and government intervention in areas such as healthcare, education, and social welfare. Countries vary in the degree to which they lean towards capitalism or socialism within this mixed economy framework.
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What country enjoys the world's largest economy?
The United States has the world's largest economy based on nominal GDP.
What coinage is Lydias most important?
The most important coinage in Lydia was the Electrum coin, which was a mixture of gold and silver. These coins were the world's first standardized coins and played a crucial role in the development of a monetary economy in the region.
What part of the economy had the biggest boost after world war 1?
Business
Why America is most powerful country in the world?
America is considered the most powerful country in the world due to its strong economy, advanced military capabilities, technological innovation, cultural influence, and diplomatic reach. It has a large military budget, extensive global alliances, and plays a significant role in international affairs, giving it a dominant position in world politics.
Is China a third-world country?
No, China is not considered a third-world country. It is classified as a developing country with the world's second-largest economy and significant global influence.
