Section 2.4 “Modern Economies in a Global Age”. Today’s Mixed Economies. Mixed Economy Economic system that has the elements of traditional, command and market economies The most common type of economy in the world. Today’s Mixed Economies. Life in a Mixed Economy
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Economic system that has the elements of traditional, command and market economies
The most common type of economy in the world
Life in a Mixed Economy
Today’s modern farmer in central America is a perfect example of a mixed economy with a 3 economic systems represented.
Types of Mixed Economies
All mixed economies have a different balance between the market and command aspects of the economy
USA: More focused on Market
France: best example of an even mix
Sweden: More focused on Command
Trend #1: Changes in Ownership
Change from private to government ownership
Change from government to private ownership
Trend #2: Increasing Global Ties
One way to privatize an industry is to open it up to foreign investors
All economic international across international borders
The development of an increasingly integrated global economy marked especially by free trade
How is the world becoming more and more globalized?