What are the different types of mixed economic systems?

Mixed economic systems are those that use market and planned attributes of the economy. There are several different types of mixed economic systems, the most common are planned or commanding economies. There are several other types under each of these wide headers. The purpose of mixing capitalist and socialist principles is to regulate the free market. Individuals who believe in a mixed economy often believe in the limitation of freedom, which prevents people involvement in their own interests. Activities such as collection, distribution and production of goods and services are all coming to a government decision. Market prices associated with goods can also come from the government. Here the natural market forces that usually exist among businesses and individuals cannot control economic activity. The attributes of government control are frequently involved in mixed economic systems.

command economy take the principles of the planned EKONomics a lot of steps further in terms of state control. The command of the command can rely strongly on socialist or collectivist principles, where rewards obtained businesses or individuals go to the state or to the collective fund. In short, there is no real protection of personal assets and the private use of economic profits faces enormous pressure, the result is the inability to engage in economic own interest. There is no real economic planning that exists with the command economy. The government or collectivist society simply controls the entire economy.

nations can create mixed economic systems by adopting attributes from the two of the above -mentioned economic systems and market economies. For example, there may be two main sectors in the economy: public and private. The government owns several business, while private persons own other businesses. While both sectors can work together, there is also the ability of the government to dominate a certain industry in the casea need. Mixed economic systems can also change or change current market economies through a form of government intervention.

regulation is often the largest tools of the government in mixed economic systems. Governments usually try to create fair economic systems without defining any real concept of fair. What the individual decides is fair is often subjective, and others consider justice to be immoral or incorrect. The mixed economy can also be less effective due to the slow nature of the Great Government to change policies through its bureaucracy. Reaction to consumer demand is also difficult because the government cannot know what the consumer wants or longs.