Depending on the type of economy one lives under, their entire life is impacted. From wages to insurance, the economic structure a country practices has a wide range of implications that can vary based on each structure. The three main forms: capitalism, socialism, and mix economies all have costs and benefits when compared to each other. While capitalism focuses on a lack of government interference, socialism completely relies on government regulation. Mix economies take aspects from both. By comparing the United States, a capitalist country, to Sweden, a socialist country, it is possible to determine how individuals’ lives are different under each respective economy. Capitalism keeps the means of production in the control of private businesses
