South Africa has a republican government system, with a mixed market economy, composed of private liberty and a centrally planned economy.
<h3 /><h3>What is a planned economy?</h3>
It corresponds to the economic system where most companies belong to the state, which is responsible for decisions that influence business and the economy, unlike the market economy, which is determined by supply and demand.
Therefore, the centralized economy is an important factor in the country, where the state manages most of the wealth produced, with greater control over the economy.
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