Question

Discuss the distribution of resources in mixd wconomy

Answer 1

Answer:

A mixed economy is an economy organized with some free market elements and some socialistic elements, which lies on a continuum somewhere between pure capitalism and pure socialism. Mixed economies typically maintain private ownership and control of most of the means of production, but often under government regulation. Mixed economies socialize select industries that are deemed essential or that produce public goods.

All known historical and modern economies are examples of mixed economies, though some economists have critiqued the economic effects of various forms of mixed economy.