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MIXED ECONOMY
Mixed economy is an «economy that combines capitalism and socialism». Some sources prefer the use of «command economy» over «socialism» in defining a mixed economy.
We have seen that there is some use of the market mechanism in planned economies, there is some measure of state control in free market economies. Here the term mixed economy is used; it describes most of the economies in the noncommunist world. These countries are basically market economies, but all contain elements of state enterprise and governments in all of them intervene to modify the operation of market forces. They are mixtures of command and market economies.
In these mixed economies private property is an important institution. Supporters of the mixed system hold the view that private property provides an important incentive for people to work, save and invest. They oppose the abolition of private property and argue that it is possible to present great inequalities of wealth from arising by the appropriate government measures (heavy taxation of income and wealth).
The mixed economy has come into being as a result of increasing government intervention and control in capitalist countries. This development has been particularly extensive during the XXth century. The most famous mixed economy in the world is that of the UK.
The components of the mixed economy are:
a) A free enterprise sector, where economic decisions are taken through the workings of the market.
b) Government regulation of the economy through its budgets, etc.
c) Public ownership of only some industries.
d) Welfare services, either provided by the state or supplied through state administered schemes.
Jane gets up at 7 o'clock.
She has breakfast at half past seven.
She goes to school at 8 o'clock.
Jane has lunch at 12 o'clock.
She goes home at 2 o'clock.
Write true or false
Jane gets up at seven o’clock in the morning. true
Jane likes apples for breakfast. false
Jane has breakfast with her sister and brother. false
Jane’s favourite school subjects are Maths and English. true
Jane does her homework at five o’clock in the morning. false
Jane usually goes to bed at nine o’clock. true
Write what Jane usually eats and drinks.
Jane usually eats eggs, sandwiches, a banana and an apple.
Jane usually drinks tea.
He will forget his mobile phone tomorrow
He won't forget his mobile phone tomorrow
Will he forget his mobile phone tomorrow?
He always forgets his phone number
He doesn't forget his phone number every year
Does he often forget his phone number ?
He is forgetting his mobile phone at the moment
He is not forgetting his mobile phone at the moment
Is he forgetting his mobile phone now?
He forgot his mobile number yesterday
He did not forget his mobile number yesterday
Did he forget his mobile number four years ago?
He has already forgotten his mobile number
He has not forgotten his mobile number yet
Has he forgotten his mobile number since he was a child?