Asked by Michael Mondy MONDY

What type of economy exists in most European countries today?
Answered by <3 S E R E N I T Y<3 or THEYLUVSERENITY:)
is that right
Answered by GPT 3.5
Most European countries have mixed economies, which combine elements of both capitalism and socialism. This means that there is a combination of privately-owned businesses operating in a market economy, as well as government involvement in regulating and providing social services such as healthcare, education, and welfare. Overall, European economies tend to prioritize social welfare and have strong labor protections compared to some other regions.