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Mixed Economy Essay

597 words - 3 pages

A mixed economy permits private
participation in production, which in
return allows healthy competition that
can result in profit. It also contributes
to public ownership in manufacturing,
which can address social welfare
needs.
Private investment, freedom to buy,
sell, and profit, combined with
economic planning by the state,
including significant regulations (e.g.
wage or price controls), taxes, tariffs,
and state-directed investment.
The advantage of this type of market
is that it allows competition between
producers with regulations in place to
protect society as a whole. With the
government being present in the
economy it brings a sense of security
to sellers and ...view middle of the document...

)
to communicate (free speech,
newspapers, books, advertisements,
make deals, create business partners,
create markets)
to protest peacefully (marches,
petitions, sue the government, make
laws friendly to profit making and
workers alike, remove pointless
inefficiencies to maximize wealth
creation).
They provide tax-funded, subsidized,
or state-owned factors of production,
infrastructure , and services:
libraries and other information
services
roads and other transportation
services
schools and other education services
hospitals and other health services
banks and other financial services
telephone, mail, and other
communication services
electricity and other energy services
(e.g. oil, gas)
water systems for drinking,
agriculture, and waste disposal
subsidies to agriculture and other
businesses
government-granted monopoly to
otherwise private businesses
legal assistance
government-funded or state-run
research and development agencies
Such governments...

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