Second, on the ocean, all these other boats were telling t â¦ he Titanic about ice locations when they ignored it. They didn't care. They ended up striking the iceberg on the starboard side of the boat on April 14, 1912.
China is no doubt one of the most capitalist countries in the world, but with a lot of corruptions. Chinaâs capitalism economy is mainly running or controlled by one boss only, the communist party. Remember: the China Communist party isnât communism, even though they say theyâre socialism, you all got this wrong.
A mixed economy is an economic system that has some combination of traditional, command, and market economies; or is a modified free enterprise economy. Mixed economies exist because the world is NOT neat and orderly. Often mixed economies form when one type of economy comes into contact with other cultures and they borrow ideas. Major events such as revolutions and economic depressions may cause economic systems to change, and sometimes a mixed economy is the result of an economy simply changing over time.