This document discusses mixed economies. A mixed economy is between a command economy and a market economy, with some level of government intervention. John Maynard Keynes first proposed mixed economies in the 1930s during the Great Depression to allow government intervention during recessions while maintaining a predominantly private sector. Mixed economies aim to adequately meet citizen demands and national interests while allowing flexibility. Examples given are the US and Sweden having more market aspects and China and Russia having more government aspects. The US economy is described as about 1/3 government activity while China is about 2/3. Mixed economies are concluded to be a goal for developed economies but not necessarily for developing economies still finding their economic path.

1. Mixed Economy
By: Suvash Timalsina (142)

2. What is Mixed Economy?
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Country in between neither command nor
market economy, it is called a Mixed
Economy
Classification based on how much
government intervention there is
Holds socialism philosophy

3. Brief history
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First thought presented by British Economist John
Maynard Keynes in his book, The General Theory
of Employment, Interest and Money, published in
1936, during the Great Depression
Keynesian economics advocates a mixed
economy – predominantly private sector, but with a
role for government intervention during recessions
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4. Why Mixed Economy?
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To adequately meet the demands of their
citizens; Consumer and National Interests
Are closely tied to the principle of Laissez Faire
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Laissez Faire, is the theory or system of government
that upholds the autonomous character of the economic
order, believing that government should intervene as little
as possible in the direction of economic affairs.
(Dictionary.com)
Room for flexibility

5. Example of Economies…
Pure
Market
Economy
Mexico
U.S.
A
Swede
n
Russia
China
Pure
Command
Economy
North
Korea
•In the U.S. the government accounts for about 1/3 of all U.S.
economic activity
•In The China the government accounts about 2/3 of all economic
activity
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6. Economic condition of USA
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Scores 76 in economic freedom
Ranked 2nd among counties of north America
LIMITED
GOVERNMENT
Property
Rights85.0
Freedom From
Corruption71.0
REGULATORY
OPEN MARKETS
EFFICIENCYEFFICI
ENCY
Government
Spending47.8
Fiscal
Freedom69.3
Business
Freedom90.5
Labor
Freedom95.5
Monetary
Freedom75.0
Trade
Freedom86.4
Investment
Freedom70.0
Financial
Freedom70
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7. Comparison of USA And
China
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8. Conclusion
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Needed after country is in right track
Not to be a thought in developing phase,
rather a goal of an economy
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9. Thank you
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10. Thank you
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