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

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Social Studies

Freddy Rowe

8 March, 01:18

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

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Josie · 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.

Jacobs · 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.