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A mixed economy employs features of both Government/Planned economy and a Free market. Thus, it has features of both. It has 2 sectors. Public and Private. The public sector, being the government, takes care of public services that private businesses cannot afford to finance e.g street lighting, public transportation, Law and Order, public healthcare, defence and the Jusicial system. Their motive is social welfare. The private sector however is owned,controlled and managed by individuals, whose motive is profits. Examples include private owned companies and private schools. Basically, a mixed economy is a free market economy with government intervention thrown in. They control some aspects of the economy while indiviuals control the rest. in a mixed economy ,there is the gain of low general price level which ultimately lead to increased production and which may generate more employment capacity.
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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.
What are three main economic systems?
market economy planed economy mixed economy
Why is Australia considered a mixed economy?
One containing features of both capitalism and socialism. Australia is a mixed economy, ... Australia is a mixed economy, with major state-owned enterprises in communications, transport, banking ... too, provides a striking illustration of the transition to a mixed economy ...
What are the 4 main types of economic systems?
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
What are the features of scotlands mixed economy?
Tax,Banking,housing,import and export etc
What are the Main features of industrial policy resolution 1948?
India opted for mixed economy in this policy.
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.
What are three main economic systems?
market economy planed economy mixed economy
Why is Australia considered a mixed economy?
One containing features of both capitalism and socialism. Australia is a mixed economy, ... Australia is a mixed economy, with major state-owned enterprises in communications, transport, banking ... too, provides a striking illustration of the transition to a mixed economy ...
Discuss the main features of mixed economy?
In a mixed economy The government taxes the people not only for infrastructure expenses such as the army and law enforcement . but also to provide such things as subsidized schooling to children Hospitals, Medicine Age care etc. In a mixed economy there is more of a feeling that the country can be good to the people regardless of their ability to be very successful.
What are the 4 main types of economic systems?
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
What are the features of scotlands mixed economy?
Tax,Banking,housing,import and export etc
What are the features of Scotland mixed market economy?
Tax,Banking,housing,import and export etc
What is the industry of Zambia?
Zambia has a weak and mixed economy. Copper is a main product.
Why is Jamaica a mixed economy?
Jamaica's economy is considered to be a mixed economy because in addition to having private sector businesses, it also has state run enterprises. Two of Jamaica's main exports are coffee and sugar.
What type of economy does the United States have?
The economy of the United States is a mixed economy.
Is Venezuela a mixed economy?
South America has a mixed economy mainly because of Brazil. Argentina used to be one of the richest nations in the world but then embraced socialism. It is fast becoming a third world country depending totally on agricultural exports. Chile is a question mark. It has features of a first world country but not all features. It has something of a mixed economy but still has a great dependence on its mines.
