What kind of planning is undertaken in a mixed economy?

        
What kind of planning is undertaken in a mixed economy?
 
  • The means of production are mainly under private ownership;
  • Markets remain the dominant form of economic coordination; and
  • Profit-seeking enterprises and the accumulation of capital would remain the fundamental driving force behind economic activity. However, the government would wield considerable indirect influence over the economy through fiscal and monetary policies designed to counteract economic downturns and capitalism’s tendency toward financial crises and unemployment, along with playing a role in interventions that promote social welfare. Subsequently, some mixed economies have expanded in scope to include a role for indicative economic planning and/or large public enterprise sectors.

 

  • 0
What are you looking for?