Mixed Economy

Economic Systems

A Mixed Economy

A mixed economy is a mixture of free enterprise and government control. The United States has a mix economy because privately owned businesses and government play a important role in the U.S. Combine private ownership and individual decision making with government regulations and intervention.

Example: Prices are determined by supply and demand, but government regulates pollution.

A Mixed Economy - The Limits to Free Enterprise

There are some limits to free enterprise. Americans believe that some services are better preformed by public rather than private enterprise. For instance, in the U.S., The government is responsible for the administration of justice, education, the road system, social statistical reporting, and national defense.

Citation:

1.) Hill, Adam, and Bronwyn Harris. WiseGeek. Conjecture, n.d. Web. 17 Dec. 2014.

2.) State, U.S. Department of. "A Mixed Economy: The Role of the Market." N.p., n.d. Web. 16 Dec. 2014.

3.) "Mixed Economic System - Video | Investopedia." Investopedia. N.p., 28 Aug. 2014. Web. 17 Dec. 2014.