

An economic system that includes a mixture of capitalism and
socialism.



This system include a combination of privat...
Public and private ownership resources

Private enterprises conduct business freely

Government encourage the private se...


-State provides the essential services



-Private sector encouraged for profits



-Competition keeps prices low


...
Heavy taxes reduce incentives to work
hard or make profits
 Less efficient than private sector
 Excessive control over b...
CHARACTERISTICS
OWNER SHIP
DECISION MAKING

PRICE DETERMINANT
FREEDOM TO REAP PROFITS

MIXED ECONOMY
FREELY OWNED BY INDIV...
Microeconomics
Microeconomics
Microeconomics
Microeconomics
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Microeconomics

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Microeconomics

  1. 1.  An economic system that includes a mixture of capitalism and socialism.  This system include a combination of private economic freedom and centralized economic planning and government regulation.  Private sector and public are play a role in the mixed economy
  2. 2. Public and private ownership resources  Private enterprises conduct business freely  Government encourage the private sector by providing infrastructure and facilities. Price mechanism and economics plan  Price mechanism is used to price both goods and services  Government fixes the prices for all product
  3. 3.  -State provides the essential services  -Private sector encouraged for profits  -Competition keeps prices low  -Consumer choice  -Inefficient business behavior controlled
  4. 4. Heavy taxes reduce incentives to work hard or make profits  Less efficient than private sector  Excessive control over business activity can add costs and discourage enterprise 
  5. 5. CHARACTERISTICS OWNER SHIP DECISION MAKING PRICE DETERMINANT FREEDOM TO REAP PROFITS MIXED ECONOMY FREELY OWNED BY INDIVIDUAL AND PRIVATE SECTOR / GOVERNMENT INDIVIDUAL AND PRIVATE (SOCIAL GOODS) AND GOVERNMENT (PUBLIC GOODS) PRICE MECHANISM AND GOVERNMENT CENTRAL FREEDOM TO PRODUCE PRIVATE GOODS AND GOVERNMENT CONTROL ON PUBLIC GOODS (MINIMUM PROFITS) INDIVIDUAL FREE TO CHOICE FREEDOM OF CHOICE PRODUCTION OBJECTIVE TO MAXIMISE PROFITS AND SOCIAL WELFARE

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