3. 
An economic system that includes a mixture of capitalism and
socialism.

This system include a combination of private economic
freedom and centralized economic planning and
government regulation.

Private sector and public are play a role in the mixed economy

4. Public and private ownership resources

Private enterprises conduct business freely

Government encourage the private sector by providing infrastructure and
facilities.
Price mechanism and economics plan

Price mechanism is used to price both goods and services

Government fixes the prices for all product

5. 
-State provides the essential services

-Private sector encouraged for profits

-Competition keeps prices low

-Consumer choice

-Inefficient business behavior controlled

6. Heavy taxes reduce incentives to work
hard or make profits
 Less efficient than private sector
 Excessive control over business activity
can add costs and discourage
enterprise


7. CHARACTERISTICS
OWNER SHIP
DECISION MAKING
PRICE DETERMINANT
FREEDOM TO REAP PROFITS
MIXED ECONOMY
FREELY OWNED BY INDIVIDUAL AND
PRIVATE SECTOR / GOVERNMENT
INDIVIDUAL AND PRIVATE (SOCIAL
GOODS) AND GOVERNMENT (PUBLIC
GOODS)
PRICE MECHANISM AND
GOVERNMENT CENTRAL
FREEDOM TO PRODUCE PRIVATE
GOODS AND GOVERNMENT CONTROL
ON PUBLIC GOODS (MINIMUM
PROFITS)
INDIVIDUAL FREE TO CHOICE
FREEDOM OF CHOICE
PRODUCTION OBJECTIVE
TO MAXIMISE PROFITS AND SOCIAL
WELFARE