Mixed economy

by: Bianca

Introduction

  • Mixed economy is some but not all of the activities of production,distribution,and exchange are organized by the state ,the state generally plays a larger role in setting policy,rules and objectives and in controlling labour.

THE FACTS

  • mixed economy seeks to have all of the advantages of a market,command,and traditional economy with little of the disadvantages.
  • for example: including private property,pricing and individual self interest
  • in mixed economy ,private businesses can decide how to run their businesses (what to produce,at what price)

mixed economy video..

Mixed economy - defined