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Which publicly controlled economy is the nearest a mixed economic system?

The publicly controlled economy which is the nearest to a mixed economic system is a socialist economy. The public will influence such an economy to a great extent.


Why does Spain have a mixed economy?

both the government and the public control the economy, were as Russia is a planned economy because everything is planned and the government has full control


Mixed economy?

A mixed economy is a type of economic system. It is characterized by a system that is between public and private enterprises.


Socialist believe economic equality is only possible if?

the public controls the economy


Socialists believe economic equality is only possblie if?

the public controls the economy.


Why might a socialist society have a less rigid command economy than a communist socirty?

In a socialist society, various political systems may be combines with public control of the economy.


Why is the president held accountable for the economy?

There are many forms of economic intervention which a President can use, particularly with the cooperation of Congress, and the American public understandably wants to have a healthy economy. While the President does not have unlimited power or unlimited control over the economy, he does have quite a bit of power and quite a bit of control, and so he is expected to make things work.


What is the role of public finance in Nigerian economy?

It brings about economic improvement


What are the need to have public enterprises?

Public enterprises are need to help accelerate economic growth. These public enterprises give balance and diversity to the development of the economy.


What makes India a mixed economy?

economic activities run by both public and private sectors.


What is the difference between US economy and Cuba's economy?

The US has a modified free market economy where most economic decisions are made by the private sector subject to public policy concerns such as zoning, pollution control, workplace safety, etc. Cuba has a central or 'command' economy where nearly all economic decisions are made by the government; some very small private businesses are allowed to operate, such as barbers, auto repair, etc.


Why do politicians and policy makers try to control the economy?

Politicians and policymakers seek to control the economy to promote stability, growth, and equitable distribution of resources. By implementing fiscal and monetary policies, they aim to manage inflation, reduce unemployment, and stimulate economic development. Additionally, controlling the economy helps address social issues and respond to crises, ensuring that the needs of the population are met. Ultimately, effective economic management is crucial for maintaining public confidence and political legitimacy.