MIXED ECONOMY

Mixed Economy of UK



Mixed Economy of UK

Major Features of Mixed Economy

Mixed Economy is a modern economic system in which both public and private sectors play a significant role in running the country and take significant decisions regarding demand, supply, production, consumption, exports, imports etc (Jain. T. R. & Khanna. O. P., 2011, 42-45). In this assignment, we would discuss the major features of mixed economy by taking an example of United Kingdom, whose GDP for the year 2011 is $2,480 based on nominal income and $ 2,233 based on purchasing power parity (IMF, 2011, n.d.). UK is comprised of ...