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padilas [110]
3 years ago
9

A mixed economy has strong elements of both what ?

Geography
1 answer:
faust18 [17]3 years ago
4 0

Answer:

A Mixed Economy exhibits characteristics of both market and planned economies, with private and state sectors providing direction.

Explanation:

  • A mixed economy allows private participation in production while ensuring that society is protected from the full swings of the market.
  • Mixed economies allow many more freedoms than command economies, such as the freedom to possess the means of production; to participate in managerial decisions; to buy, sell, fire, and hire as needed; and for employees to organize and protest peacefully.
  • Mixed economies have a high level of state participation and spending, leading to tax-funded libraries, schools, hospitals, roads, utilities, legal assistance, welfare, and social security.
  • Various restrictions on business are made for the greater good, such as environmental regulation, labor regulation, antitrust and intellectual property laws.
  • The ideal combination of these freedoms and restrictions is meant to ensure the maximum standard of living for the population as a whole.
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