What are the individualist principles that a mixed economy is based on? Briefly explain each.

Question

Tristian Chandler

Social Studies

15 October, 20:02

What are the individualist principles that a mixed economy is based on? Briefly explain each.

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Answers (2)

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Roy Henson · Answer 1

For example, a mixed economy contains the following principles from a command economy: economic equality, collective interest, public property and social programs. However, it also contains the following principles from a free market economy: economic freedom, self-interest, competition and private property.

Amber Lindsey · Answer 2

For example, a mixed economy contains the following principles from a command economy: economic equality, collective interest, public property and social programs. However, it also contains the following principles from a free market economy: economic freedom, self-interest, competition and private property.