Sir, I want to ask U about `mixed economy` idea..?

Question

what consideration might cause one nation to operate as mixed economy?

my understanding before this, mixed economy is combination of planned economy and laisse faire. Sir, me are right?

Answer 1

You are talking about Socialism. Social Democracy, or, the China model.

Answer 2

Mixed Economy :

A mixed economy is an economic system that incorporates aspects of more than one economic system. This usually means an economy that contains both private-owned and state-owned

enterprises or that combines elements of capitalism and socialism, or a mix of market economy and planned economy characteristics.

There is not one single definition for a mixed economy,but relevant aspects include: a degree of private economic freedom (including privately owned industry) intermingled with

centralised economic planning (which may include intervention for environmentalism and social welfare, or state ownership of some of the means of production).

For some states, there is not a consensus on whether they are capitalist, socialist, or mixed economies. Economies in states ranging from the United States to Cuba have been

termed mixed economies.

Which economies are mixed?

There is not a consensus on which economies are capitalist, socialist, or mixed. It may be argued that the historical tendency of power holders in all times and places to limit

the activities of market actors combined with the natural impossibility of monitoring and constraining all market actors has resulted in the fact that, as we understand a "mixed

economy" being a combination of governmental enterprise and free-enterprise, nearly every economy to develop in human history meets this definition.

Elements of a mixed economy :

The elements of a mixed economy typically include a variety of freedoms:

A TV train in Paris operated by the publicly owned SNCF. In many countries, the rail network is partly or completely, owned or controlled, by the state.

A TGV train in Paris operated by the publicly owned SNCF. In many countries, the rail network is partly or completely, owned or controlled, by the state.

A mail truck. Restrictions are sometimes placed on private mail systems by mixed economy governments. For example, in the U.S., the USPS enjoys a government monopoly on

non urgent letter mail as described in the Private Express Statutes.

A mail truck. Restrictions are sometimes placed on private mail systems by mixed economy governments. For example, in the U.S., the USPS enjoys a government monopoly on

non urgent letter mail as described in the Private Express Statutes.

This hospital run by the National Health Service in the United Kingdom. In most countries the state plays some role in the provision of health care.

This hospital run by the National Health Service in the United Kingdom. In most countries the state plays some role in the provision of health care.

    * to possess means of production (farms, factories, stores, etc.)

    * to participate in managerial decisions (cooperative and participatory economics)

    * to travel (needed to transport all the items in commerce, to make deals in person, for workers and owners to go to where needed)

    * to buy (items for personal use, for resale; buy whole enterprises to make the organisation that creates wealth a form of wealth itself)

    * to sell (same as buy)

    * to hire (to create organisations that create wealth)

    * to fire (to maintain organisations that create wealth)

    * to organise (private enterprise for profit, labour unions, workers' and professional associations, non-profit groups, religions, etc.)

    * to communicate (free speech, newspapers, books, advertisements, make deals, create business partners, create markets)

    * to protest peacefully (marches, petitions, sue the government, make laws friendly to profit making and workers alike, remove pointless inefficiencies to maximise wealth

creation)

with tax-funded, subsidized, or state-owned factors of production, infrastructure, and services:

    * libraries and other information services

    * roads and other transportation services

    * schools and other education services

    * hospitals and other health services

    * banks and other financial services

    * telephone, mail and other communication services

    * electricity and other energy services (eg oil, gas)

    * water systems for drinking, agriculture, and waste disposal

    * subsidies to agriculture and other businesses

    * government-granted monopolies to otherwise private businesses

    * legal assistance

and providing some autonomy over personal finances but including involuntary spending and investments such as transfer payments and other cash benefits such as:

    * welfare for the poor

    * social security for the aged and infirm

    * government subsidies to business

    * mandatory insurance (example: automobile}

and restricted by various laws, regulations:

    * environmental regulation (example: toxins in land, water, air)

    * labor regulation including minimum wage laws

    * consumer regulation (example: product safety)

    * antitrust laws

    * intellectual property laws

    * incorporation laws

    * protectionism

    * import and export controls, such as tariffs and quotas

and taxes and fees written or enforced with manipulation of the economy in mind.