What are the characteristics of a mixed economy?

Answer 1

The economy is allowed to operate with no regulations or government interventions.

Answer 2

Features of Mixed Economy:

(i) Private and public sector exist side by side. Thus, economic activities are carried out by individuals as well as the government.

(ii) Private and public sectors are required to function in a properly coordinated manner.

(iii) A part from national security, government engages itself in those activities that the private enterprises consider as unprofitable or beyond this reach.

(iv) All basic and heavy industries and other strategic sector of an economy e.g., banking, transport, energy etc. are controlled by the government. Agriculture, consumer goods and other industries trade are left for the private sector.

BASHAR NAWAZ

PhD. Research Scholar

Pondicherry University

Answer 3

The main features of mixed economy is having the government and private owners controlling the economy. The government mainly provides resources and infrastructure while monitoring the economy among other functions.

Answer 4

A mixed economy, as opposed to a control (sometimes called a command) economy or a free-market economy, is mildly controlled by the government. How free or controlled an economy is is a subjective decision, and due to the sheer amount of characteristics of an economy, no two mixed economies have the same characteristics. In general, a mixed economy is neither a free-market economy or a command economy because it has only mild government control.

Example: The United States and France are both mixed economies. In both countries, interest rates are decided by the government. But other factors, such as government regulation of business is different between the countries. France's government exhibits a much tighter control over their economy than the United States (eg: environmental, labor, and advertising regulation).

Answer 5

one characteristic is the buyers,producers and sellers control all prices.it is ran by three different factors and the supply and demand regulate the economy.

Answer 6

A mixed economy means that private businesses and the government influence the economy. A major aspect is that the private sector is responsible for most of the production.

Answer 7

one characteristic is the buyers,producers and sellers control all prices.it is ran by three different factors and the supply and demand regulate the economy.

Answer 8

I suppose a mixed economy would be one that had a combination of different economic system, such as capitalism and feudalism.

Answer 9

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