MIXED ECONOMY

What is it?

• Blend between market and command
• United States and most countries

The Government's Role

• Individuals and government make decisions
• Protects consumers and producers
• Guides and controls production of goods and services

PROS

• Individuals get a say in important decisions
• The government keeps things under control
• Less control than a command economy
• More control than a market economy

CONS

• The challenge of finding a good balance
• The government going too far
• The government not going far enough