Advantages of the mixed economy, Managerial Economics

Advantages of the Mixed Economy

Necessary services are provided in a true market economy, services which were not able to make profit would not be provided.

Incentive:  Since there is a private sector where individuals can make a lot of money, incentives still exist in the mixed economy.

Competition:  Prices of goods and services in the private sector are kept down through competition taking place.

Posted Date: 11/27/2012 4:44:14 AM | Location : United States







Related Discussions:- Advantages of the mixed economy, Assignment Help, Ask Question on Advantages of the mixed economy, Get Answer, Expert's Help, Advantages of the mixed economy Discussions

Write discussion on Advantages of the mixed economy
Your posts are moderated
Related Questions
Uses of Indifference Curve Analysis Indifference curve analysis is useful when studying welfare economics as follows: They are used to indicate the amount of income and

For all regular goods, income elasticity is positive though the degree of elasticity fluctuates as per the nature of commodities. Consumer goods are generally categorised under thr

Question 1: "Anyone who is willing to learn the language of economics and take the time to practice making decisions can learn to be an effective manager." Explain how. Qu

Basic textbook models, such as the Mundell-Fleming model, say that capital inflow happens due to the domestic interest rate being higher than the world interest rate, and therefore

I would like to get the answer to the question - Weston Industrial Manufacturing Products ("WIMP") has the capability to produce a variety of industrial products, including a numb

AGGREGATE DEMAND This refers to the total planned or desired spending in the economy as a whole in a given period. It is made up of consumption demand by individuals, planned

Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2

In a one-shot game, if you advertise and your rival advertises, you will each earn RM5 million in profits. If neither of you advertises, your rival will make RM4 million and you w

classification of costs

Demand-pull inflation is when aggregate demand exceeds the value of output (measured in constant prices) at full employment.  The excess demand of goods and services cannot be met