Critically discuss how mixed economies play a role in the economic system from a point of view of the distribution of resources to produce goods and services
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- Which of the following is not a dilemma of social capital? A. Some groups can promote values that do not align with the majority’s view of a good society. B. Some associations allow only members of certain status. C. Groups allow people to bond and create communities. D. Some groups have very strong ties that can threaten the larger, collective good.Explain how a mixed economy differs from both a planned and a free market enterprise economy and provide at least two relevant examples/activities that take place in each to illustrate the differences.Question 9 Which of the following is/are the characteristic(s) of a household? [i]: It represents all the people who live together and who make joint economic decisions. [ii]: In a mixed economy, most of the factors of production are owned by households. [iii]: Households largely determine what goods and services are produced. a) [i] and [ii] only b) [i] and [iii] only c) [ii] and [iii] d) [i] ,[ii] and [iii]
- Which one of the following is not likely to occur in a mixed economy? a. Means of productions are partly owned by the state and partly private individuals b. Total control of the government in economic activities c. The element of a market and the command economy d. The existence of the private and the public sector in the economyDefine mixed economic system. Karl Marx predicted that a capitalist economy would have what consequences?1.Explain what are economic systems? In your explanation, give indication regarding the role of an economic system 2. Discuss the nature of a Planned economic system? Your discussion should include:Ownership and Control of resources and Essential Decision making. 3. Give three (3) advantages and disadvantages of Planned Economies and Market economies. 4. Discuss the essential features of a mixed economy 5.Differentiate clearly between a Planned Economic System and a Free Market Economic System.
- Explain how a mixed economy differs from both a planned and a free market enterprise economy and identify what activities take place in each to illustrate the differences.In a Capitalistic economy, due to the "mixed market" and economic freedoms that are a part of this system, is there a greater gap between the rich and the poor?In the context of Small and Medium scale Enterprises, critically examine the influence of Entrepreneurship in solving the problem of unemployment and poverty alleviation.
