what is it?
Both the government and the individuals play important roles with regard to production and consumption, in other words it is a theory that people will create a classless society where wealth is divided equally.
real world name
Socialism
economic goals of the system...
"Mixed" could be any of the goals because its a mix of market and command economies.
example of where it is used
Most places, almost everywere, but some examples could be Singapore, New Zealand, and Switzerland...
most of today economies are a mixed economy, they just tend to practice it more or less in some places.
most of today economies are a mixed economy, they just tend to practice it more or less in some places.
did you know...
- Combines socialism and capitalism
- The government will take from the rich to give to the poor, making things more even.
- None of them are the same, they all follow different practices.
sources:
- https://student.teachtci.com/student/sign_in