Mixed Economy

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Intro

The benefit of this economy is that it has a variety of options for consumers and other countries and can keep a economy running.

The Facts

Mostly its the consumers and the government who control the economy.

mixed economy

A combination of command and market economies provides goods and services so that all people will benefit.


ex. Russia is changing from a command to a market economy.

market and mixed economic systems advantages and disadvantages

Market Economy

Production of goods and services is determined by the demand from consumers.


ex. A free enterprise economy or capitalism.

Command Economy

Production of goods and services is determined by a central government, which usually owns the means of production, like factories.


ex. China, the old soviet union and Cuba are examples of command economies.

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