Economic+System

The United Kingdom is a capitalistic country. In a Capitalistic country involves privately owned business. The profit from the businesses is shared between the owner and the workers. Private ownership implies the right to own property. Capitalism is one of the most popular way of government. The government doesn't have the right to control private businesses or privately owned land. The owner of the land decides what is will be used for, not the government.The government is limited to making sure the marketing is running smoothly and ensuring competition. Everyone has different economic rank. Some people are rich, some are poor, and some are in between. Although the UK has a capitalist economy, it is closer to socialist when compared to the United States. The United Kingdom offers government run services, such as health care, which make it more socialist. However, the UK's government defines it's economic system as capitalistic.

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