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Response to mixed economy

from Giston Eccles (kevon@yahoo.com)
In the Mixed Economic system, botht the government and the private sector particpate in making the decisions regarding what is to be produced, how to produce and for whom to produce. The society recognizes the important tole of the government in the provision of certain goods and services that are large-scale in nature, for example eductaion and health, road construction and maintenance, social wellfare, among others and accepts input. The government undertakes these responsibilities as the more efficient provider of such services. However the problem with government is where too draw the line between ownership and control of certain resources and when to give the private sector control over things.
(posted 7118 days ago)

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