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Most countries in the world today operate under a mixed economy because in a mixed economy, one person or the government does not own everything. This means that, for example, if you owned a herd of cows, since it is a mixed economy, you own the herd but you would still have to follow the government regulations. In a command economy, the government controls all production and distribution of goods and services. In a traditional economy, the decisions are based on customs, beliefs, or religion, within a strong social community, and in a market economy, businesses and consumers decide what they will produce or purchase. It's better to have all 3 economies combined into a mixed economy, rather than having only a market economy, a traditional economy, or a command economy.
Wiki User
∙ 12y ago
Wiki User
∙ 10y agoBecause a pure capitalist economy is too egoistic, and a pure plan economy is too inefficient.
Because they really really can't do it alone.
For diversity and to not put your eggs in one basket.
Wiki User
∙ 11y agoMixed economies make sure that companies are gaining sufficient profits but also make sure that the consumers do not suffer as a consequence
Wiki User
∙ 10y agoMixed market is good for the minorities who want to make a living selling their religious beliefs to the consumers.
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Why more modern economists are mixed economies elaborate?
Most mixed economies can be described as market economies with strong regulatory.
Most economies have what economists call?
mixed economies
Most economies today are economies?
all economies today are actually (mixed)
Where are mixed economies in the US?
everywhere in it. the government has some control and so do the people
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
Why more modern economists are mixed economies elaborate?
Most mixed economies can be described as market economies with strong regulatory.
Most economies have what economists call?
mixed economies
Most economies today are economies?
all economies today are actually (mixed)
Where are mixed economies in the US?
everywhere in it. the government has some control and so do the people
Why are most economies referred to as mixed economies?
poverty is always higest in countries with market economies
Why are most economies refered to as mixed economies?
poverty is always higest in countries with market economies
Why are most modern economies referred as mixed economies?
poverty is always higest in countries with market economies
Is this a mixed economy?
i mean, what are some Mixed Economies and is it the most popular type economy in the world? Thanks i mean, what are some Mixed Economies and is it the most popular type economy in the world? Thanks
What are the features of a mixed economy?
A mixed economy features a "mix" of features from traditional economies, market economies, AND command economies--usually the most advantageous features from each. For example, most mixed economies borrow three of the most advantageous characteristics of a market economy: pricing, private property, and individual self-interest. The United States is one example of a mixed economy.
Does a mixed economy have a high standard of living?
Generally mixed economies generate more wealth than other kinds of economies leading to a higher standard of living
In most mixed economies what role does the government not fill?
In mixed economies, the government does not own all property or confiscate all economic output (this is a tenet of communism, or communist socialism).
Why is it that most African countries adopt mixed economic system?
all countries have mixed economies
