MIXED ECONOMY

WHAT IS A MIXED ECONOMY?

• A mixed economy is an economic system that features characteristics of both capitalism and socialism
• Some related terms are: capitalism, economic value, and shock therapy

ADVANTAGES

• Competition keeps prices low
• Inefficient business behavior is controlled
• The state provides the essential services

DISADVANTAGES

• It can be difficult to know how much the government should intervene
• They tend to lean more toward government controls and less toward individual freedom

Countries past/present
Past countries:
Present countries: Iceland, Sweden, France, United Kingdom, United States, Cuba and China