Characteristics of a mixed economy (Wikipedia)
1. an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.
2. market economies with strong regulatory oversight, in addition to having a variety of government-sponsored aspects.
Strengths of the economy
1. competition
2. state and private ownership
3. protection of consumers and businesses from fraud
4. government helps stabilize economy while consumers influence the market
Weaknesses of the economy
1. taxes
2. no limitation of certain products that are considered harmful
3. large companies don't have exponential growth due to government intervention
4. restrictions on entrepreneur choices
Great information of the mixed economy
http://economics.about.com/od/howtheuseconomyworks/a/mixed_economy.htm
Economics & Government: What is a Mixed Economy?
https://www.youtube.com/watch?v=1XYXD3YsBxU
If we get a government that reflects more of what this country is really about, we can turn the century -- and the economy -- around. |
