Introduction to mixed economy. What mixed economy is all about? Making of mixed economy: Private sector, Public Sector and Semi- Public sector.
Features of mixed economy.
It's merits and demerits.
And at last countries with mixed economy.
4. Mixture of Capitalism
and Socialism
"An economic system
including features of both
public and government
control”
Mixed
Economy?
5. Making of mixed economy
Public
Sector
Private
Sector
Semi-Public
Sector
6. Private sector
01
02
03
04
Referred to as the citizen sector A means of enterprise for profit
Run by private individuals or groups Not controlled by state
7.
8. Public Sector
Concerned with
providing basic
government services
Includes: Police,
Military, Public Roads,
Public Primary
Education, Healthcare
for the poor
17. Merits
01 02 03 04 05 06
Distributes goods
and services to
where they need
to be
Improves production
efficiency
Employment opportunities
are more readily available
Supply and demand get
measured through
pricing instead of
regulation
.
Promote control
equality
Minimizes the role
that the state plays
in the economy
18. Merits
07 08 09 10 11 12
Provides people
with a second
chance
Minimizes the
disadvantages of a
market approach
Equalizes the levels of
control found in the
economy
Allocates capital to the
most efficient producers
.
Protects the minority
against the whims of
the majority
People become the
driver of economic
success
19. Demerits
Leave the less competitive members
of society without support
Produces high taxation
responsibilities
Doesn’t eliminate the possibility of
monopolies
Organizations have restrictions in
their overall size
The state has the power to change its
mind in a mixed economy
Encourages people and agencies to
go into debt
Encourage companies to become
top-heavy
Private protections doesn’t need to
exist in a mixed economy
