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Currently, most developed countries use a variation of Keynes's
policies, allowing a large degree of private business while
maintaining strict regulation of certain aspects of the economy
through the government. Today's relationship between
government and business is thus neither laissez faire nor
socialist, but rather a combination of both, essentially what is
called a "mixed economy."
Your response should be at least 200 words in length. You are
required to use at least your textbook as source material for
your response. All sources used, including the textbook, must
be referenced; paraphrased and quoted material must have
accompanying citations.

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  • 1. Currently, most developed countries use a variation of Keynes's policies, allowing a large degree of private business while maintaining strict regulation of certain aspects of the economy through the government. Today's relationship between government and business is thus neither laissez faire nor socialist, but rather a combination of both, essentially what is called a "mixed economy." Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.