A mixed economy with the features of market and command economies allows the state and the private sector to interact in solving economic problems. | |||
In general all the economies of the world are mixed having the features of both market and command economies. | |||
Some countries have more features of command economies, while others are closer to free market economies. | |||
A mixed economy is an attempt to avoid the disadvantages of market and command economies and to use the benefits they both offer. |
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, (A mixed economy contains elements of both market and planned economies 1), (in a mixed economy the government and the private sector interact in solving economic problems 3).
, A mixed economy with the features of market and command economies allows the state and the private sector to interact in solving economic problems ( , , ).
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NORP Freeport High School Freeport, VT 66622 | |||
October 24, 2002 | |||
Ms Iva Stravinsky Attorney-at-Law 200 Center Street Freeport, VT 66622 | |||
Dear Ms Stravinsky: | |||
Thank you for the wonderful lecture on Proposed Changes in the Financing of Medicare. The membership and I appreciate your contribution to our club. | |||
Yours truly, | |||
Henry Purcell President |
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