what does mixed economy mean?

Question

in simple terms pls. i dont like complications.

Answer 1

the simplest way to put it is this.

some things are owned by private individuals (mcdonalds, mansions, cars, televisions, security guards, shops,)

and others are owned by the public (council houses, the NHS, the police, the motorways, ambulances, hospitals)

Its different depends on which country you go

for example in France the government owns all the trains, so is in charge them

in Britain companies own the trains (like GNER, South-West etc..)

the public stuff can get sold to private people - for example margaret thatcher sold British Gas, the Postal Service, The water companies, and British Telecom.

so before they operated without making a profit, but now they do make a profit.

hope that helps - its well more complex than that, but i tried keep it simple.

Answer 2

Mixed Economy Means

Answer 3

It means an economy where a proportion of the economy is state controlled and the other proportion is privately controlled. It is neither at one end of the political spectrum or the other but is a mix of the two elements.

We are currently in the UK in a situation where the mix is tending toward a state controlled economy whereas in previous Conservative governments they preferred an economy that tended towards a free market.

Answer 4

Mixed Economy

Type of economic structure that combines the private enterprise of capitalism with a degree of state monopoly. In mixed economies, governments seek to control the public services, the basic industries, and those industries that cannot raise sufficient capital investment from private sources. Thus a measure of economic planning can be combined with a measure of free enterprise. A notable example was US president Franklin D Roosevelt's New Deal in the 1930s.

Answer 5

a little of this and a little of that.