Mixed economy, Managerial Economics

The Mixed Economy

There are no economies in the world which are entirely 'market' or planned, all will contain elements of both systems.

The degree of mix in any one economy is the result of a complex interaction of cultural, historic and political factors.  For example the USA which is a typical example of a largely work-based society, but the government still plans certain areas of the economy such as defence and provides very basic care for those who cannot afford medical insurance.

Posted Date: 11/27/2012 4:35:11 AM | Location : United States

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