Mixed economy

charectaristics of mixed economjy

1. MIXED ECONOMY MODEL Presented by: Prinesha nakrani (22) Presented to: Prof. snehal tank S.Y. INTEGRATED M.B.A

2. Introduction

3. Economic system Economic system are the means by which countries and government distributes resources and trade goods and services. They are used to control the five factor of production, including: labor, capital ,entrepreneurs, physical resources and information resources.”

4. DEFINITION “Mixed economy is an economic system which is combination of capitalistic economic freedom and principles of socialistic economic control .”

5. Meaning An economic system in which both the private enterprise and a degree of state monopoly coexist. All modern economics are mixed where the means of production are shared between the private and public sector. Also called as dual economy.

6. REASONS WHY MIXED ECONOMY DEVELOPED The demerits of two economic systems acted as the initiative for the need of third economic system.

7. Feature of mixed economy Co-existence of private and public sector. Personal freedom. Private property is allowed. Economic planning. Profit motive and social welfare. Price mechanism and controlled price. Check on economic inequalities. Control of monopoly power.

8. “MAKING OF MIXED ECONOMY” The making of mixed economy is divided into three different sections stated as follows: Private Sector Public Sector Semi-Public Sector

9. Private Sector In economics the private sector is that part of the economy, sometimes referred to as the citizen sector , which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state.

10. EXAMPLE

11. PUBLIC SECTOR The part of the economy concerned with providing basic government services to the public is called public sector . The composition of the public sector varies by country, but in most countries the public sector includes such services as the police, military, public roads, public primary education and healthcare for the poor.

12. EXAMPLES:

13. Autonomous Body Autonomous bodies are those in which public and private sector work together by merging their resources either to increase the efficiency. Still it does not mean that all autonomous bodies are efficient in their work. There is always possibility of lack of performance or inefficiency from public sector.

14. Examples

15. Merits Efficient Freedom of decision making of Consumer Planned development Increase in National Production Competition keeps prices law . Consumer choice . Greater Chance for the Government to Implement Good Policies .

16. demerits Corruption. Fear of nationalization. Conflict between public and private sector. Public sector Less efficient than private sector .

17. conclusion

18. THANK YOU ANY QUESTION ?