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Chapter 1 of the Foundations of Business textbook makes reference to the fact that the (United States) economy is...a mixed economy, one that exhibits elements

Chapter 1 of the Foundations of Business textbook makes reference to the fact that the "(United States) economy is...a mixed economy, one that exhibits elements of both capitalism and socialism." Explain this statement. If our economy is indeed "mixed," would an economic system of pure capitalism be better? Why or why not?

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Corporate Financial Accounting

Authors: Carl S Warren, Jeff Jones

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978-0357510384

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