What is a mixed economy?

Mixed economy is an economy in which there is a mixture of free enterprise and government control. In some areas of the mixed economy, the government may even have a monopoly. Most of the developed countries of the world have a mixed economy. A mixture of two different economic philosophies may mean different consequences for the country, some of which are considered beneficial, while others are neutral or harmful. Mixed economies are also known as dual economies. Even in industries that are not owned or operated by the government, its influence is very evident in the form of taxes and regulations such as wage controls.

The United States economy is one of the major examples of mixed economies in the world. This is because both private enterprise and government regulation have become an integral and important into the economy, as is now worth it. For example, the principle of a free enterprise is alive and reserves the right to incorporate and employ and deny employment in US companies unless it does not workthey are discrimination or other illegal work practices. Production means are still mostly private and private citizens can buy, sell and invest any way they choose.

However, the government regulation has a strong presence of the US, as in many economies, because of the prevailing idea that some services are better secured by the government than a private enterprise. For example, most people around the world have no problem with government control of things such as construction and motorway repairs, vital records such as birth certificates, and of course national defense. Despite the strong emphasis on individual freedom, which is a part of the government philosophies of many countries, it is generally acknowledged that these services and others are performed best at the government level.

Mixed economy, how viable, as it can be, is not without some disadvantages. The biggest disadvantage is that the boundary between public andThe private sector will easily become blurred, or sometimes it moves one way or another. In the long run, mixed economies usually evolve towards greater government control and less individual freedom. Even most of those who prefer the degree of government control would probably admit that a line must be drawn somewhere, but for society as a whole it is very difficult to know where this point is. The mixed economy is therefore always in the evolutionary process.