Mixed Economy

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Mixed Economy

There are many businesses that provide goods and services to the different levels of government; city, state or federal. These businesses can range from small, medium or large companies or corporations. Depending on the business’s mission whether providing goods, services or a combination, these companies will compete for short or long term contracts. Many businesses compete in winning bids in their specific area of service or product or a combination. Some of these businesses do win multiple (majority) contracts, to beat out the competition. The term that would best describe these businesses would be a mixed economy (socialism and capitalism). A company that does compete in larger contract work will look at long term goals, meaning how long is this contract for, what services or goods will we be provided. Than that company will have their contract personnel do their estimating of figures for manpower, tools, equipment, services, etc. to win the contract so that their company would win the bid for that contract. These companies will start hiring new employees to have the necessary personnel with the skill set to fulfill the contracts’ mission. Many large businesses may win multiple bids with the federal government (departments, agencies or military) which plays a big role in the competition for specific contracts. These businesses may develop or expand their goods and services to keep the flexibility for the company’s growth to keep winning future contracts with the federal government. There are various industries that have been growing continuously but a few that have been growing quickly in the past few years; medical, aviation, military, electronics, information technology or engineering support. The Information Technology industry has been a big part and demand in every industry that needs and requires technical support, especially in most businesses that rely on computer networks. Whether small, medium or large companies’,...
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