Mixed Economy
Jon K  Redinger

Examples

- Iceland, Sweden, France, United Kingdom, United States, Russia, China

Advantages

- Allows more freedoms than command economies, such as the ability to control production and management

- Have higher levels of state participation and spending

- Restrictions and regulations are made for a whole benefit, such as environmental and labor regulation, and intellectual property laws

- Encourages higher standards of living for the society

Disadvantages

- Leans more toward governmental control and influence

- Policies often associated with agendas of political parties and figures

- Taxes and decreased efficiency

- Overbearing government interjection can add costs and discourage interprises

Addresses Economic Questions

- Production is decided by the people and is solved by the co-existence of the public and private sector, both of which attempt to produce services and goods with the goal of profit.

- A mixed economy will have its goods produced by the private and public sectors, however the latter may not be able to employ the most cost effective method, whereas the private sector will strive for it.

- The value of production correlates to the income from the production.Then the income would be distributed amongst the factors of production in a mixed economy

Hyperlinks

http://www.investopedia.com/terms/m/mixed-economic...

https://www.princeton.edu/~achaney/tmve/wiki100k/d...

http://www.businessdictionary.com/definition/mixed...

http://www.merriam-webster.com/dictionary/mixed%20economy

Comment Stream

2 years ago
0

I feel as if your pictures might need to be spaced out throughout the website. The information is pretty swell not going to lie. I like your hyperlinks.

2 years ago
0

You had good organization for your information and all that jazz, but it was really weird that it was just a block of text followed by a mash of pictures.

2 years ago
0

Good information, pictures clearly illustrate the topic, but they should be distributed through the site more evenly (Nathan Starks)

2 years ago
0

I think more content would have aided your visuals. But overall it was good, love the background.