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In a mixed economy some of the businesses are under private control and some of the businesses are run by the government. There is still a free economy if there is a mixed economy.
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Is Belgium a mixed economy?
Belgium is a mixed economy which is considered to be under the socialist system of governance. A mixed economy is where there participation from private entrepreneurs and the government.
What type of economy is not under private control?
A market economy is not under the private control. A command economy is one where decisions are made by the government only, thus making it a private economy. In market economy, anyone can decide what business to do and what to make.
Is mixed economy more reliable than planned economy?
yes mixed economy is more reliable in a mixed economy we get both the public as well as private players.on the other hand planned economy doesn't allow such freedom.mixed economy private companies are under restrictions of the government and there working is on check.
How are goods produced in a mixed economy?
In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
How does a free enterprise system differ from a mixed economy?
A free enterprise is the freedom of private businesses to operate competitively for profit with minimal government regulation. A mixed economy is a system that allows for the simultaneous operation of publicly and privately owned enterprises
With reference to the experience of Pakistan 'Discuss the merits and demerits of a mixed economy?
First: What is a 'mixed economy'?The mixed economy refers to such an economic system wherein two the sector exist and function for achieving national objectives. The two sectors are the public sector and private sector. Both these sector exist and function for achieving national objectives. Both these sectors make the economic system of the country. In fact the mixed economy is the happy combination of private enterprise with government enterprise on the one side there is freedom of enterprise, private ownership and profit earning. On the other side there is government guidance and control so as to stop evil economic, pressures. In order to remove the effects of the capitalistic economy, mixed economy has been introduced. It prevails in most of the countries of the world. Pakistan has also mixed economy, where government and public sector provide guidance to the private sector.MeritsThe mixed economy is helpful in increasing national production in the country. Both public and private sectors work hard to bring about more production. The problems created by free enterprise and too much public control are solved through mixed economy. It provides freedom of enterprise ownership and profit earning as well as social welfare and political freedom. And all the national recourses are utilized under mixed economy.DemeritsMixed economy is half way house. It is not helpful in achieving optimal use of national resources. The mixed economy suffers from the drawbacks of both the capitalismand the socialism. Mixed economy seldom achieved progress. It suffers from continues back wardness. Under mixed economy wastage of different types occurs in the economy.
What are the advantage of mixed economy in Malaysia?
Advantages are: * People can make there own decisions * The government has limited control which is good for structure * Provides freedoms such as: Enterprise ownership, Social Welfare, Profit Earnings, Political Freedom. * All national resources are utilized under mixed economy. * It will active government support and direction.
Is Iraq socialist?
No, Iraq is not socialist. Iraq operates under a mixed economy system with elements of a market economy and state intervention. The government owns a number of key industries, but there is also room for private enterprise.
Is china a free market economy?
No. it should be under mixed market economy
What drove china to change to a mixed economy?
China understood by experience that entirely depending on domestic market under government control is not suffice to overall development of its economy. So, even being a communist party led government, they moved towards western model of mixed economy where market is the main arbiter.
What are the advantage of mixed economy system?
== == Advantages are: *People can make their own decisions *The government has limited control which is good for structure *Provides freedoms such as: Enterprise/Business ownership, Social Welfare, Profit Earnings, Political Freedom *All national resources are utilized under mixed economy. *Mixed Economies have active government support and direction.
Most countries today operate under what economic system?
mixed economy
