Mixed economy mind map for Magnus
- Created by: Whatisrhisforlol
- Created on: 18-03-19 20:22
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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
- May experience some of the disadvantages of a planned economy
- 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
- Aims to gain advantages of a market economy
- Disadvantages
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