Question
What type of economic system is this : property can be communally or by the government and individuals
Answers
Answered by
GPT 3.5
The economic system you described could be considered a mixed economy. In a mixed economy, there is a combination of privately-owned property and publicly-owned property. Individuals can own property, but the government also has control and ownership over certain industries and resources. The extent of communal or government ownership may vary depending on the specific country or context.
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