राइट टू कंपाउंड वर्ड्स English
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A mixed economy is an economy that is a mixture of different markets and economic plans, with the private sector and the state directing the economy; or an economy consisting of a mixture of public ownership and private ownership; Or one that mixes economic interventionism with free markets. Most mixed economies are market economies based on strong regulatory oversight and government provision of public goods. In general, a mixed economy is characterized by private ownership of the means of production, the dominance of markets for economic co-ordination, profit-seeking enterprises and accumulation of capital as the most important driving forces of economic activity. But unlike a free market economy, the government is playing a role in promoting social welfare as well as through fiscal and monetary policies designed to counteract economic constraints and capitalism's tendency toward financial crisis and unemployment. It is also having an indirect macroeconomic effect on the economy. Various political parties form mixed economies such as the Social Democrats or the Christian Democrats as an economic ideal. They are generally supported by people of center-left and centre-right. Proponents understand mixed economies as a compromise between state socialism and free markets, which has a better effect. Example of mixed economy- India.