Mixed economy mind map for Magnus

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  • Mixed economy
    • Disadvantages
      • May experience some of the disadvantages of a planned economy
        • State bureaucracy
        • Lack of incentives in the public sector
        • Lack of competition in the public sector
      • May experience some of the disadvantages of a market economy
        • Unemployment of resources
        • Imperfect competition
        • Not all externalities considered
    • Example
      • Sweden
    • Different name
      • Mixed market
    • Relies on
      • Price mechanism
      • State planning
    • Advantages
      • Aims to gain advantages of a market economy
        • Consumer choice
        • Incentives
        • Efficiency
      • Aims to gain advantages of a planned economy
        • High employment of resources
        • Provision of public goods
        • Consideration of social costs and benefits
        • Help for vulnerable groups
        • Encouragement of merit goods
        • Untitled

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