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Today, 18:26

An economic system where both the state and individuals produce and distribute goods and services, such as the system found in Sweden and Denmark, is referred to as:

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  1. Today, 20:41
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    Answer: it is referred as a democratic socialism

    Explanation:

    In Sweden and Denmark, there are private companies but taxes are high and social benefits are varied. This system is also known as welfare socialism.
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