Examlex
Simplify and collect like terms:
Socialist Economy
An economic system in which the means of production, distribution, and exchange are owned or regulated by the community as a whole, with an aim toward equitable distribution of wealth and resources.
Norway
A Nordic country in Northern Europe known for its advanced economy, high quality of life, and robust welfare system.
John Kenneth Galbraith
A Canadian-American economist, public official, and diplomat known for his works on consumer behavior, organizational theory, and public policy.
Mixed Economy
An economic system combining private and public enterprise, incorporating elements from both capitalism and socialism.
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