MIXED ECONOMY

WHAT IS A MIXED ECONOMY?

• A mixed economy is a type of economic system in which allows certain economic freedom to the public, but also allows the government to interfere to reach certain goals.

ASSOCIATING TERMS

• Market-based
• Private property
• Government involvement
• Balance
• Goals
• Prioratize

Advantages

• The public has access to economic freedom.
• Taxation allows governments to develop programs such as Social Security.

Disadvantages

• The government restricts your ability to buy certain goods.
• Government must decide what is best for the majority, and not all decisions benefit everyone.

COUNTRIES IN THE PRESENT?

• Present mixed economies include the United States, France, Sweden, etc.
• Many countries in the world have evolved to become mixed economies; however places such as North Korea have yet to.