Mixed ( ͡° ͜ʖ ͡°) Economy
by: Breanna Thomas
Mixed Economy (☞ﾟヮﾟ)☞ ☜(ﾟヮﾟ☜)
A Mixed Economy is a combination of market, command and traditional economies .
(A mix of private and public) The United States is a mixed economy because its Constitution protects the requirements of a market economy, including ownership of private property, limitations on government interference, and promoting innovation.
Most of the world's major economies are now mixed economies. A country's people are best served through international trade - oil from Saudi Arabia and consumer products from China.
restrictions are sometimes placed on private mail systems by the mixed economy government. for example, in the USA the USPS enjoys a government monopoly on regular mail/ letters.
mixed economies encourage the private sector to look for profits and redistribute wealth in order to promote social objectives that maintain an agreeable standard of living for its citizens.
*Mixed economies can enable some government regulation in areas where there is market failure.
*It can become hard to identify exactly where the government will need to intervene.