Elements of A Mixed Economy
The elements of a mixed economy have been demonstrated to include a variety of freedoms:
- to possess means of production (farms, factories, stores, etc.)
- to participate in managerial decisions (cooperative and participatory economics)
- to travel (needed to transport all the items in commerce, to make deals in person, for workers and owners to go to where needed)
- to buy (items for personal use, for resale; buy whole enterprises to make the organization that creates wealth a form of wealth itself)
- to sell (same as buy)
- to hire (to create organizations that create wealth)
- to fire (to maintain organizations that create wealth)
- to organize (private enterprise for profit, labor unions, workers' and professional associations, non-profit groups, religions, etc.)
- to communicate (free speech, newspapers, books, advertisements, make deals, create business partners, create markets)
- to protest peacefully (marches, petitions, sue the government, make laws friendly to profit making and workers alike, remove pointless inefficiencies to maximize wealth creation)
with tax-funded, subsidized, or state-owned factors of production, infrastructure, and services:
- libraries and other information services
- roads and other transportation services
- schools and other education services
- hospitals and other health services
- banks and other financial services
- telephone, mail and other communication services
- electricity and other energy services (e.g. oil, gas)
- water systems for drinking, agriculture, and waste disposal
- subsidies to agriculture and other businesses
- government-granted monopolies to otherwise private businesses
- legal assistance
- government-funded or state-run research and development agencies
and providing some autonomy over personal finances but including involuntary spending and investments such as transfer payments and other cash benefits such as:
- welfare for the poor
- social security for the aged and infirm
- government subsidies to business
- mandatory insurance (example: automobile)
and restricted by various laws, regulations:
- environmental regulation (example: toxins in land, water, air)
- labor regulation including minimum wage laws
- consumer regulation (example: product safety)
- antitrust laws
- intellectual property laws
- incorporation laws
- protectionism
- import and export controls, such as tariffs and quotas
and taxes and fees written or enforced with manipulation of the economy in mind.
Read more about this topic: Mixed Economy
Famous quotes containing the words elements of, elements, mixed and/or economy:
“psychologist
It is through friendships that teenagers learn to take responsibility, provide support, and give their loyalty to non- family members. It is also in teenage friendships that young people find confidants with whom to share thoughts and feelings that they are not comfortable sharing with their parents. Such sharing becomes one of the elements of true intimacy, which will be established later.”
—David Elkind (20th century)
“Barbarisation may be defined as a cultural process whereby an attained condition of high value is gradually overrun and superseded by elements of lower quality.”
—Johan Huizinga (1872–1945)
“The millions of grains are black, white, tan, and gray,
and mixed with quartz grains, rose and amethyst.”
—Elizabeth Bishop (1911–1979)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)