MIXED ECONOMY

A mixed economy is an economic system in
which economic resources in the country are
owned by both the private and public sectors
and decisions are made by both of them.
Thus both government and private individuals
involve themselves in production of goods and
services in the country.
Resources are allocated mainly through the
choices people make for goods and services,
but the government influences and controls
the economic affairs substantially. Most
countries have a mixed economic system.
Countries like Britain, Nigeria, Gambia, Ghana
and Sierra Leone are examples of mixed
economy.
An economy is therefore, described as mixed
economy when production in the economy
involves both private and public enterprises.

THEUPDATESONLINE.COM is a reliable portal that gives updates to it cherished visitors. its a place where teaching and learning takes place, it gives updates on news around the world, Business and Financial tips, investment opportunities,reviews, and many more. There are currently 3 writers, a blogger and Entrepreneur ,Consultants, teachers and an editor making sure visitors get value for their time and money.

Posted in Education

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: