Mixed Economies

Only available on StudyMode
  • Download(s) : 1678
  • Published : February 24, 2013
Open Document
Text Preview
Mixed Economies

Would you rather live in an economy where the government makes primary decisions

or one where consumers and producers make all the decisions? Why not have a mixed economy

with a little bit of each? A mixed economy that contains safety nets, laissez faire and government

intervention (when needed) will lead to a better society.

First of all, economic security plays a huge role in a mixed economy, by protecting its

people. If a person is sick, unemployed, injured, or in need for financial aid, the government

should definitely step in and help. This is known as a safety net; when people know they can

depend on the government to help them in times of desperate need. Safety nets are very

important because people should know that the government is there to provide financial aid.

For example, if someone is unemployed, the government provides a saftey net by sending

monthly payments of unemployment insurance to make sure that a person has enough money

to support themself. The government plays a huge role in providing security for everyone to

make sure that nobody is at a disadvantage. A mixed economy like the U.S. provides health

care, education and fair class differences will be the best solution to its people. An economy that

can provide support to its citizens, unlike a market or a command economy, strives to be the

best.

Secondly, a mixed economy in which laissez faire exists to a certain extent benefits

the people most. The government should not intervene with the market unless the market

is in a seriously bad condition. In addition, the government shouldn't control what firms

and households sell and produce because there should be economic freedom in the market

to satisfy consumers wants and needs. However, if the market is falling apart or prices are

unfair, the government has an obligation to step in and...
tracking img