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A mixed economy is an economy that has a mix of economic systems. It is usually defined as 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 command economy.

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 centralized economic planning (which may include intervention for environmentalism and social welfare, or state ownership of some of 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.

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The elements of a mixed economy typically include a variety of freedoms:
* to possess means of production (farms, factories, stores, etc.)
* 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 organization that creates wealth a form of wealth itself)
* to sell (same as buy)
* to hire (to create organizations that create wealth)
* to fire (to maintain organizations that create wealth)
* to organize (private enterprise for profit, labor unions, workers' and professional associations, non-profit groups, religions, etc.)
* to communicate (free speech, newspapers, books, advertizements, 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 maximize 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 tarrifs and quotas

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

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The U.S. is considered a mixed economy. Some examples of this include:

* People can own their own businesses, but political leaders make policies concerning these.
* The government controls the mail system.
* Intercity passenger rail (Amtrak) is a nationalized industry.
* The government tells manufacturers what to make if something is in need during war time.
* The FDA bans certain drugs.
* The government has created a minimum wage law.

2006-11-24 16:39:18 · answer #1 · answered by az helpful scholar 3 · 0 0

I'm always tempted to just write "they are ill-informed" to any question that begins with "why do neo-cons..." Honestly, I think that is usually the reason, but there is something more going on. They seem to want to be led by people like Rush and Hannity and not do their own education or research. They seem to operate from fear instead of from facts. They seem to prefer to remain willfully ignorant, even when given the facts. To be honest, some of them seem unable to discern what is a fact, what is a rumor, what is a smear, what is a straw man, what is a logical fallacy, etc. It's really sad to say all this about some of my fellow Americans, but I do think it's true, and it makes me despair at times for our country. I see questions here that clearly demonstrate they don't know what socialism and communism are, they don't know how to evaluate a reputable source from a disreputable one, they believe anything they hear if it confirms their previously held prejudices, and they prefer to express dislike for the 70+ million Americans who voted for Obama than to examine why so many intelligent people evaluated him as worthwhile and why they did not. In other words, they believe they are always right and don't want to be confused with the facts. They often engage in black/white thinking. Having said all this, I believe it is a small percentage of Americans who would fit into this category and that they are simply over-represented here on Y!A. At least, I hope so!

2016-05-22 22:44:18 · answer #2 · answered by Anonymous · 0 0

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