In a mixed economy, the decisions regarding what to produce are affected by supply and demand. Producers will strive to make what is on demand so that they can make profits.
china is centrally planned economy its means that all the things in china are occupies by china government. they will decide what to produce, where to produce, how to produce it also decides that in which quantity they has to produce the thing.
You should produce mixed goods in a mixed economy.
You should produce mixed goods in a mixed economy.
Controlled
A mixed economy system is an economy system that combines elements of capitalism and socialism. The economic problems of a mixed economy are ,What to produce?, How should production be organized?, For whom should production take place?.
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.
India has a mixed economy in that there is private property and companies that produce products for the benefit of profit. There are many business regulations in India, this combined with the above places India as a mixed economy country.
A mixed economy is an economy in which can be private and/or public, in other words the Government don't interfere with the decisions the public has to make. In a mixed economy the public decides production, distribution and other types of economic activities. A mixed economy is run controlled both by the Government as well as private owners; in a capital economy anybody can buy a share or trade, whereas at times the Government may condemn this action. One country which is considered to have a mixed economy is the United States. --Sura :D
The economy of the United States is a mixed economy.
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
mixed economy
Mixed Economy