ECONOMIC SYSTEMS

DEFINITIONS

ECONOMIC QUESTIONS: WHAT HOW & FOR WHOM TO PRODUCE &

EXAMPLES OF ECONOMIC SYSTEMS

Mixed Economic Systems:

The questions on what to produce, how to produce and for whom to produce would be a mix or
combination of what is done in the Command and Market Economic Systems.
Examples of Mixed Economic Systems:
Caribbean Islands and most other countries in the World.

FEATURES/CHARACTERISTICS

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 ADVANTAGES & DISADVANTAGES

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The mixed economy’s advantages and disadvantages will be a combination of the advantages and
disadvantages of the free market and command economies.